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FDIC AFFORDABLE HOUSING DISPOSITION PROGRAM Monitoring Agency: Phoenix Revitalization CorporationTENANT INCOME CERTIFICATION Initial CertificationEffective Date: Moran Date: RecertificationPART I.
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What is tenant income certification?
Tenant income certification is a process where tenants provide documentation of their income to landlords or property management companies to verify that they meet the income requirements for renting a property.
Who is required to file tenant income certification?
Tenants who are applying to rent a property and landlords or property management companies who require proof of income to ensure the tenant can afford the rent.
How to fill out tenant income certification?
Tenants typically need to provide proof of income such as pay stubs, tax returns, or bank statements. Landlords or property management companies may provide a specific form for tenants to fill out and submit.
What is the purpose of tenant income certification?
The purpose of tenant income certification is to ensure that tenants meet the income requirements set by the landlord or property management company to rent a property.
What information must be reported on tenant income certification?
Information such as the tenant's name, address, income sources, total income, and any deductions or expenses that affect their disposable income.
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