March 17, 2019
69 months ago
WHEN IS A GUARANTOR REQUIRED?
All residents require a guarantor to complete the guaranty agreement.
CAN I BE MY OWN GUARANTOR?
A resident can act as their own guarantor if they can show documentation as outlined in the lease agreement that they have income greater than three times the rental installment.
WHAT PAPERWORK IS REQUIRED WITH A GUARANTOR?
The guarantor will need to sign the guaranty agreement. If the resident is not of legal age to execute a contract, the guarantor will be required to sign both the lease and guaranty agreement.
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