Income Requirement For Rent
Summary
Landlords in California can set their own income requirements for renting an apartment, such as requiring an income of 3.5 times the rent. There is no specific state law that restricts landlords to a 3.0x income requirement. This practice is commonly used to assess a tenants financial stability.Full Conversation
i am applying for an apartment in california, and they are asking for an income requirement that is *.5x the rent. is it legal for them to require *.5x, or does california restrict it to *.0x?
Hey ****! In California, there isn't a specific law restricting the income requirement landlords can set for renting an apartment. Landlords can set their own criteria, including requiring an income of *.5x the rent. It's common practice to check financial stability.