Rent to Own Income documetation needed by Landlord and or Investor
Last modified December 11, 2021
The Income documentation needed for a rent to buy agreement will generally be the following documents.
For Salary/Hourly Pay individuals, most recent pay stub (must be most recent within 30 days)
For Independent Contractors such as 1099 individuals, Most recent pay stub or pay invoice with a year to date total amount (must be recent within 30 days)
possibly accept 3 months of most recent pay stub/invoices or bank statements
For self Empoyed individuals, 3 most recent months of bank statements, Proof of Business Ownership. This can be a document from the Secretary of State,
a recent tax return, or any official document that shows both your name and the name of your registered business.
For individuals recieving Alimony or Social Security, Court order documents, 3 most recent months proof of payment SSI or VA Benefits
Most recent Benefits Letter (dated within 1 year), Year end SSA-1099, or Year end 1099-R(must be most recent within 30 days)
People who recently got a new job in the last 3 months, last pay stub from previous job, most recent pay stub from current job
Please ensure that your name, employer name, pay dates, and amounts are clear and legible on each document