how do guarantors for apartment leases work?

1.12K views

Does it affect your credit? Is it just liability in case I miss rent? I’m a student living in another state away from my parents so my guarantor for my lease is my dad.

In: Other

2 Answers

Anonymous 0 Comments

Apartments typically have rules that renters have to have 3x the rent in income, or something along those lines. As a student, you most likely don’t. So they want somebody who will guarantee the rent will be paid since your income doesn’t meet the typical guidelines.

You are viewing 1 out of 2 answers, click here to view all answers.