Apartment Guarantor Nyc

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.

Apartment guarantor nyc.

We are the guarantors agency a licensed insurance agent and broker. Best of all you can get approved in 30 minutes at the lowest guaranty prices and the guaranty is normally issued within 24 hours. First most nyc landlords require guarantors to live in the tri state area so they re easier to track down should you default. Theguarantors is a good service not only for tenants but also for owners.

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

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. Accepted at over 480 000 units across ny nj ma va md dc il nv and ca. Technically speaking we don t provide you coverage but we find you coverage from one of our insurance partners.

Some landlords require that a guarantor lives in the tri state area too. Tal kerret president of silverstein properties. With renter access leap fills in for a guarantor or parent co signer when required by a landlord. For more detailed information on either our licenses or any of our insurance partners please see our legal regulatory notice.

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. But like all things related to getting an apartment in nyc signing a lease with a guarantor is not a simple process. Credit and make at least 80 times your monthly rent annually. We replace the need for large move in costs and co signers.

Our program eliminates the hassle of finding a suitable co signer. A guarantor is someone usually a parent or family member who will co sign the lease with an applicant. 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.