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Updated over 3 years ago,
Need help with rental process for multiple tenants
Hi guys,
How do you go about screening financials for multiple tenants trying to rent (share) one house?
- Does every person need to meet the required rent to income ratio, or can one tenant cover for another given that they have sufficient income to do so?
- Can one guarantor cover for multiple tenants given that they have sufficient income to do so?
- What/how big of a role does credit score play in a multiple tenant situation? What if half the people have good credit and the other half have bad credit?
Thanks for the help