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Co-signer Requirements

Thank you for your interest in a rental home managed by SEMORents. If applicant cannot meet one or more criteria (except criminal and ID), applicant may use a co-signer. Co-signer must complete an application as well.

Co-signer Qualifying Criteria

A co-signer for an applicant has higher requirements than the tenant applying. The co-signer must have good credit, must be employed or show proof of income from any other source. Income must be sufficient enough to pay their own expenses and the rent of the tenant in the case the tenant fails to do so.

A co-signer cannot be on a fixed income or be dependent on government assistance.

The co-signer would be responsible for all unpaid rent, and any other charges the account incurs.

The application fee is outlined in the property listing and is charged for each applicant and each co-signer.

Applications will not be accepted or processed without application fee.

Application fees are non-refundable.

 

The application process takes approximately 24 hours. The processing time can be reduced if co-signer submits proof of income along with their application.

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