Guarantors FAQ

Guarantors can make the difference between getting you the rental you want or having you look elsewhere. But not every prospective tenant knows about this option or understands what's involved.

Here are answers to commonly asked questions about guarantors and why you might need one when you're looking to rent an apartment. Do you have a question that isn't addressed here? Please ask.

Q: What's a guarantor?
A: A guarantor is someone who signs the lease with you and takes on your financial obligations under the lease... Read more

Q: Who usually signs a lease as a guarantor?
A: Very often, a renter's parent acts as a guarantor, assuming the parent is in a sound financial situation and want... Read more

Q: Is a co-signer the same thing as a guarantor?
A: Yes. You may hear your landlord or broker use... Read more

Q: What should I tell someone who's considering being my guarantor?
A: You should tell a potential guarantor that you need someone else to sign the lease in order to rent the apartment you want... Read more

Q: What will my lease say about a guarantor?
A: Some landlords just include a short clause in their lease with an added signature line for a guarantor... Read more

Q: How will I know if I need a guarantor?
A: Your landlord will tell you if you need a guarantor. Some landlords are quick to require guarantors... Read more

Q: What if I can't find a guarantor?
A: If a landlord requires a guarantor but you can't find one, you'll probably need to look for an apartment elsewhere... Read more

Q: Can I suggest to a landlord that I get a guarantor?
A: Yes. If you found your dream apartment but the landlord is hesitant to rent it to you because he believes ... Read more