Apartment Guarantor Nyc

Credit and make at least 80 times your monthly rent annually.

Apartment guarantor nyc.

Tal kerret president of silverstein properties. 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. Some landlords require that a guarantor lives in the tri state area too.

First most nyc landlords require guarantors to live in the tri state area so they re easier to track down should you default. 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. 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. Theguarantors is a good service not only for tenants but also for owners.

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. We replace the need for large move in costs and co signers. 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. As a co signer of the lease a guarantor assumes responsibility to pay the rent if the tenant fails to pay.

But like all things related to getting an apartment in nyc signing a lease with a guarantor is not a simple process. Our program eliminates the hassle of finding a suitable co signer. By acting as your lease guarantor insurent takes the stress away and get your your dream apartment. 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.

Technically speaking we don t provide you coverage but we find you coverage from one of our insurance partners. Who can apply with leap. For more detailed information on either our licenses or any of our insurance partners please see our legal regulatory notice. A guarantor is someone usually a parent or family member who will co sign the lease with an applicant.

Anyone can apply for our renter access program. If this isn t the. 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.