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What forms of income are qualified for the purposes of rental application review?

A

What forms of income are qualified for the purposes of rental application review?

Category: Resident Services

Income is qualified when it is received by the applicant directly from an employer or other regular and reliable source that can be documented. Other forms of qualified income include, but are not limited to: Housing Choice (Section 8) Vouchers, Supplemental Social Security (SSI), Social Security Disability Insurance (SSDI), or trust funds.

Income from tips or other cash transactions that are not regular or cannot be documented do not qualify.

Student loans are not considered a qualified income source for the purpose of a rental application, but recent, current, or soon-to-be full-time students may instead use a co-signer or guarantor.

Tag: Rental Applications & Available Listings
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Full Circle Property Management
PO Box 4057
Burlington, VT 05406

Office Location
346 Shelburne Rd.
Hickok & Boardman Place, Ground Floor
Burlington, VT 05401

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Phone: 802-864-5200
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802-860-2424
Emergency: 802-657-0378

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