Apartment Guarantor Nyc

Guarantors essentially are a third party who co signs the lease with you and will be financially and legally obligated to pay your rent if you fail to do so.

Apartment guarantor nyc. A guarantor is usually a parent or close relative but they must earn 80 and depending on the building as much as 100 times the monthly rent. Accepted at over 480 000 units across ny nj ma va md dc il nv and ca. Credit and make at least 80 times your monthly rent annually. Our program eliminates the hassle of finding a suitable co signer.

As a co signer of the lease a guarantor assumes responsibility to pay the rent if the tenant fails to pay. The apartment you want the guaranty you need insurent still open 24 7 and operating remotely with the insurent lease guaranty program renters get the apartment they love landlords reduce vacancies eliminate rent loss and brokers close more deals. Who can apply with leap. A guarantor is someone usually a parent or family member who will co sign the lease with an applicant.

Theguarantors is a good service not only for tenants but also for owners. For more detailed information on either our licenses or any of our insurance partners please see our legal regulatory notice. First most nyc landlords require guarantors to live in the tri state area so they re easier to track down should you default. If this isn t the.

But like all things related to getting an apartment in nyc signing a lease with a guarantor is not a simple process. Second your guarantor who likely has their own housing costs to cover also faces strict income requirements and also needs to have good u s. Tal kerret president of silverstein properties. A guarantor can help you qualify for an apartment if your income isn t 40 times the monthly rent if you have bad credit or if you have no rental history.

For new york city apartments landlords usually only accept guarantors that live in the city or the surrounding tri state area so they can sign an original copy of the lease. We are the guarantors agency a licensed insurance agent and broker. Anyone can apply for our renter access program. Best of all you can get approved in 30 minutes at the lowest guaranty prices and the guaranty is normally issued within 24 hours.

With many new rental buildings coming to the market in new york city this expands the tenant application pool to include people who would not normally qualify for apartment rentals yet are potentially good tenants. With renter access leap fills in for a guarantor or parent co signer when required by a landlord. For example if the monthly rent is 2 500 a guarantor must earn a minimum of 200 000 to qualify as a guarantor on the lease. Technically speaking we don t provide you coverage but we find you coverage from one of our insurance partners.