"Parents think that when they sign on as a guarantor, it's similar to living in a dorm, where they're only guaranteeing their child's portion of the cost," LaMagna said. "But the truth is that when you sign on as a guarantor, you sign on to guarantee the entirety of the lease."...
If you are planning to have a guarantor co-sign, they must also apply and satisfy income requirements. All Co-Signers must have documented income equal to 80 times the monthly rent. The co-signer must also reside in the United States. The following documentation is required for every applican...
Usually this person is a close relative, but if you don’t have someone who can help out, you might be able toask a friendor ask if your roommate has someone who can be theguarantorfor both of you. Another option is to use an institutional guarantor that will act as a guarantor for ...
A guarantor needs to fill out an application form and provide the same required documents as the applicant. In terms of income, they are required to gross an annual income of 80 to 100 times the monthly rent of the apartment. The guarantor does not have to be present at the lease signing...
On the other hand,the Guarantors Agencysays that net effective rent is what you actually pay throughout the lease term, when you factor in all the incentives that the property owner offers to attract tenants like yourself. It is an important metric to use to determine whether you are getting...