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All Forum Posts by: David Coats

David Coats has started 1 posts and replied 1 times.

General Landlording & Rental Properties

Post: Can I require household income and individual tenant income?

David CoatsPosted
  • Posts 1
  • Votes 0

Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.

Is it ok to require minimum income of 5x for household and let's say 2x for individual? They will both be required. Meaning, if a single person applies, he/she will need 5x income. If 4 roommates apply, they will need 2x individually (totals to 6x) and 5x total.

But, if, for example, 2 people apply... 1 person with 1x and second person with 3x, I can reject them.  Same if 6 people apply with 5 making 0x, and 1 making 20x. I still want to reject that.

I'm not sure if this would fall under FHA discrimination of some sorts. I definitely want to avoid that.

0 Votes