Tenant - alternative to qualification standards

[Bruno P.]

Hello,

I got a message from a potential tenant, with the caveats below. Any recommendations?

- No rental history, since she has been a homeowner since 2021 and is selling her house, with a closing date of Sep 17th.

- She is currently a Senior Consultant at a consulting firm and she is not actively assigned to a project at the moment, but remain employed with the firm.

- She will receive proceeds that will fully cover the lease term, and can provide a proof of proceeds letter from the title company to document this.

I could ask for additional proof of ownership, although the letter of the title company might suffice. And the proceeds should cover at least 3x the annual rent. And she would still have to pass the background and credit check.
But is that enough or too risky?

Thanks!

[Michael K Gallagher]

@Bruno P. My general rule of thumb is that if they can prove it documentation wise, ie provide the title statment, you could even call the title company and further confirm things if she gave permission, but as long as you perform the standard due diligence of confirming all the information to a standard you feel comfortable with, I would personally not have any issues with accepting someone in that situation. As long as she has documented and confirmable income that covers the rent that's the major point to me.