I'm renting an apartment out. What is the standard multiplier for the rent to determine if their salary qualifies an applicant for rent? 40 x rent? 50 x rent? 60 x rent?
2006-11-29 03:35:28 · 6 answers · asked by Chappie 2 in Business & Finance ➔ Renting & Real Estate
so 3x your monthly income? meaning 36x rent for annual salary I guess?
2006-11-29 05:38:20 · update #1
The place I rent from (a leasing agency) says that "The income requirement is 3 times the monthly rent."
Addition: I suppose you could put it that way, the monthly rent x36. However, if you have proof that they make the three times your monthly rent each month anyway, that would meet your requirement all the same. I wouldn't confuse renters. They are used to three times the monthly rent, and it still meets your objectives.
2006-11-29 03:41:53 · answer #1 · answered by Anonymous · 3⤊ 0⤋
2
2016-07-19 03:30:13 · answer #2 · answered by Perla 3 · 0⤊ 0⤋
It varies, finding on the proprietors, yet right that's a everyday requirement: a million. Fill out an utility 2. source of earnings 3. in case you're making much less then a definite volume, you will desire a guarantor to sign the lease 4. Cheques for three hundred and sixty 5 days 5. First and final months lease 6. in specific circumstances you will could supply a protection deposit.
2016-12-13 16:44:53 · answer #3 · answered by spraggs 4 · 0⤊ 0⤋
The standard multiplier in the area that I am in is 3 x rent
2006-11-29 03:51:30 · answer #4 · answered by michelle p 2 · 1⤊ 0⤋
rule used to be rent should not exceed more than 1/3 monthly wages, but now its more likely to be 1/2 monthly wages.
2006-11-29 03:37:32 · answer #5 · answered by parental unit 7 · 1⤊ 0⤋
Rent To Own Homes : http://RentToOwnHome.uzaev.com/?jZGK
2016-07-13 02:57:10 · answer #6 · answered by ? 3 · 0⤊ 0⤋