The short answer is no. We do not combine income unless you are a legally married couple. Even if you are engaged to be married, or boyfriends/girlfriends.
The reasoning behind this is that “roommates” are able to leave a little more freely than if it were a married couple. Couples who are married have more ties to sever than roommates do, such as a divorce, separation agreement, pets, kids, etc.
Roommates are still able to rent with BPM, but we require that at least one of the roommates qualify on all portions of the qualifications, the main being 3 times the monthly rent in gross income.
Everyone over 18 will still be on the lease, however if that person who qualified decides not to renew, then BPM cannot allow other roommates (who did not qualify) to stay without another qualified person.
Now what if you have a family member or friend willing to “co-sign” with you?
BarronsPM does not do co-signers, however we will allow a person to apply and be on the lease with you if you cannot meet the qualifications yourself. This is very similar to co-signing, but there is a distinct difference, they will be on the lease, and just as responsible as you are, even if they aren’t living with you.
This means, if the lease defaults, rent payments go unpaid or late, it will show on all parties’ background / credit.