How a Guarantor Can Help You Secure an Apartment: Everything You Need to Know 

Abstract

What is a guarantor for an apartment lease? A rent guarantor is someone who agrees to take over the responsibility to pay the rent if you can't pay. Who could be a guarantor for renting if they don't live in the apartment? A family member, friend, co-worker, employer, or trusted adult could be a guarantor. What is the difference between a guarantor and a cosigner? The terms guarantor and cosigner are often used interchangeably, but they do not mean the same thing. What are the apartment guarantor requirements? A suitable guarantor needs to be financially stable and earn enough to cover your monthly rent on top of their expenses. How to find a guarantor When looking for someone to be your guarantor, you'll realize it's a big ask. Consider contacting a guarantor service: A guarantor service is a company that will act as your guarantor. Find a cheaper place: If you don't have a potential guarantor and cannot afford to use a guarantor service, you can seek a more affordable apartment.