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. <\/p>\n\n\n\n
The reasoning behind this is that \u201croommates\u201d are able to\nleave a little more freely than if it were a married couple. Couples who are\nmarried have more ties to sever than roommates do, such as a divorce, separation\nagreement, pets, kids, etc. <\/p>\n\n\n\n
Roommates are still able to rent with BPM, but we require\nthat at least one of the roommates qualify on all portions of the\nqualifications, the main being 3 times the monthly rent in gross income. <\/p>\n\n\n\n
Everyone over 18 will still be on the lease, however if that\nperson who qualified decides not to renew, then BPM cannot allow other\nroommates (who did not qualify) to stay without another qualified person. <\/p>\n\n\n\n
Now what if you have a family member or friend willing to \u201cco-sign\u201d\nwith you? <\/p>\n\n\n\n
BarronsPM does not do co-signers, however we will allow a\nperson to apply and be on the lease with you if you cannot meet the\nqualifications yourself. This is very similar to co-signing, but there is a\ndistinct difference, they will be on the lease, and just as responsible as you\nare, even if they aren\u2019t living with you.<\/p>\n\n\n\n
This means, if the lease defaults, rent payments go unpaid\nor late, it will show on all parties\u2019 background \/ credit.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u201croommates\u201d are able to leave a little … Continue reading