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Village View Apartments2851 Redwood Pkwy., Vallejo, CA 94591Office 7076439466Fax 7076439172BASIC QUALIFICATIONS FOR RESIDENCYINCOME:household income must combine to make at least 3.0 times the monthly

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How to fill out rent to income ratio

01

Calculate the total annual rent for the property.

02

Determine the total annual gross income of the tenant(s) renting the property.

03

Divide the total annual rent by the total annual gross income to get the rent to income ratio.

04

Multiply the result by 100 to get the percentage.

Who needs rent to income ratio?

01

Landlords and property managers may use rent to income ratio to evaluate the financial stability of potential tenants.

02

Lenders may also use rent to income ratio to assess the borrower's ability to pay rent on time.

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What is rent to income ratio?

Rent to income ratio is the percentage of your income that goes towards paying rent.

Who is required to file rent to income ratio?

Individuals renting a property are required to file rent to income ratio.

How to fill out rent to income ratio?

To fill out rent to income ratio, calculate your total rental income and divide it by your total gross income.

What is the purpose of rent to income ratio?

The purpose of rent to income ratio is to determine how much of your income is being spent on rent.

What information must be reported on rent to income ratio?

On rent to income ratio, you must report your total rental income and total gross income.

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