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No Fee Rental By Owner Tips: Roommates
It is quite common (especially in New York City) that at
some point in our lives, generally when starting out as
adults, that many people have roommates. Most landlords
accept and encourage having one or two roommates.
Although an owner will generally not want too many people
in one small type space as is causes friction, noise, and
excessive wear & tear on an apartment.
While some landlords will combine the prospective
roommates income in order to qualify for the apartment,
others will require that each of the roommates qualify on
their own.
The issue that a landlord will have with roommates (or
cohabitating couples) is that there could be a fallout or
disagreement, and one of the parties may choose to move
out leaving the entire rent responsibility to the remaining
party.
It is quite common (especially in New York City) that at
some point in our lives, generally when starting out as
adults, that many people have roommates. Most landlords
accept and encourage having one or two roommates.
Although an owner will generally not want too many people
in one small type space as is causes friction, noise, and
excessive wear & tear on an apartment.
While some landlords will combine the prospective
roommates income in order to qualify for the apartment,
others will require that each of the roommates qualify on
their own.
The issue that a landlord will have with roommates (or
cohabitating couples) is that there could be a fallout or
disagreement, and one of the parties may choose to move
out leaving the entire rent responsibility to the remaining
party.