Why is a Social Security Number Required?
A social security number (SSN) is a unique identifier issued by the US government. It allows Full Circle Property Management to conduct comprehensive credit and background checks on cosigners, ensuring their financial responsibility, compliance with anti terrorism and governmental obligations, and demonstrates their ability to fulfill financial obligations. This protects both tenants and property owners by verifying financial credibility and reliability.
Why Does the Cosigner Need a US-Based Address?
Providing a US-based address is essential for communication and legal recourse. It enables Full Circle Property Management to reach the cosigner easily and verify their identity and residency status. Additionally, a US-based address ensures that legal action can be taken swiftly and effectively if problems arise, safeguarding the interests of all parties involved.
Why is Meeting Income Criteria Necessary?
Meeting income criteria demonstrates the cosigner’s financial capability to cover rent payments if needed. Requiring a gross monthly income of at least three times the monthly rent amount mitigates financial risks and ensures consistent fulfillment of lease obligations. This helps maintain stability and reliability in the leasing process.
At Full Circle Property Management, we prioritize transparency, accountability, and mutual trust in all our leasing agreements. By adhering to these guidelines, we strive to create a secure and stable rental environment for both tenants and property owners.
