calculating-affordability

How to calculate affordability for a tenancy application

As part of the tenancy-application process, letting agents and referencing services such as Tenant Screening assess whether your income is sufficient to cover the rent on the property you wish to rent. They use a standard affordability calculation — multiplying the monthly rent by a fixed factor to determine the required gross annual income. This ensures that prospective tenants can realistically manage the rent without overstretching their finances.

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