The qualification criteria are listed below:
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Rent-to-Income Ratio: The rent-to-income ratio must not exceed 45%. This ensures that the prospective tenant’s income is sufficient to comfortably cover the rent.
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Financial History: The prospective tenant should not have any bankruptcies, legal files, or evictions within the past 3 years. This helps assess their financial stability and reliability as a tenant.
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Source of Income: At least one person listed on the lease must have a verifiable and stable source of income. This requirement adds a layer of assurance regarding the tenant’s ability to meet their financial obligations.
These criteria are in place to maintain a responsible and secure leasing environment for all parties involved.
For more information on our Rent Guarantee Program, please click here.
To book a call with our Rent Guarantee Specialist, please select a time that works best for you here: https://calendly.com/rent-guarantee/contact
