Photo by Cytonn Photography on Unsplash
July 8, 2021
Everything you need to know about using a guarantor in NYC
After finally finding that perfect New York City apartment, it's time to prove you can actually pay for it. Many NYC newbies and even natives can't meet landlords' strict criteria, like having a high credit score or a salary that equals 40 to 45 times the monthly rent, for example. This is where guarantors come in. A guarantor is a co-signer who guarantees payment on the lease if it otherwise can't be made. But this is an entirely additional process, from finding someone who fits the bill to gathering all of the necessary paperwork. Ahead, find out everything you need to know about using a guarantor, as well as some tricks of the trade.
Find out the basics
Find out the basics