Landlord Quick Tip
Tip #116: Money-Back Guarantee?
When a rental applicant’s ability to pay rent is in doubt, accepting a guarantor, or co-signer, can be a perfectly good solution.
But if you allow one applicant this option, remember that you have to offer the same deal to all other applicants who may be in similar circumstances.
Otherwise, your policy could be considered discriminatory.
Also, have a legal expert review the guarantee language to make certain it is bulletproof.
See last week’s Landlord Quick Tip.
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