Rent-to-Income Ratio Explained: What You Need to Know Before Renting

Rent-to-Income Ratio Explained: What You Need to Know Before Renting

ByAxcess Rent

The Rent-to-Income Ratio: A Financial Guide The rent-to-income ratio is a fundamental metric in housing finance, measuring the percentage of a person’s income allocated to rent. It serves as a crucial benchmark for both tenants and landlords. Definition: The rent-to-income ratio is calculated by dividing monthly rent by gross monthly income. For example, a $1,200 monthly rent on a $4,000…

How Does the Fair Housing Act Protect You from Housing Discrimination?

How Does the Fair Housing Act Protect You from Housing Discrimination?

ByAxcess Rent

Understanding the Essentials of the Fair Housing Act 1968 Definition and Purpose The Fair Housing Act (FHA) is a federal civil rights law enacted in 1968 to prohibit discrimination in housing based on race, color, religion, national origin, sex, disability, and familial status. Its primary objective is to ensure that everyone has equal access to housing opportunities, regardless of their protected characteristics. By prohibiting…