What Is a Guarantor or Co-Signer?
A guarantor or co-signer is a person who agrees to be financially responsible for your lease if you do not meet the property's income or credit requirements on your own. Co-signers and guarantors are typically added to help an applicant qualify financially — not to be an additional occupant.
Does the Property Accept Co-Signers or Guarantors?
Not all property management companies accept co-signers or guarantors. If the property you're applying to allows a co-signer or guarantor, you will be asked the following question during the application process.
Clicking ‘Yes’ will allow you to send an email invite to the Guarantor as shown below.
What Are the Qualifying Requirements for Co-Signers?
Co-signer and guarantor requirements vary by property management company. Some companies have stricter qualifying standards for co-signers than for primary applicants. Requirements typically focus on:
Income — the co-signer may need to meet a higher income threshold than the primary applicant.
Credit — the co-signer's credit score may be subject to review and minimum requirements.
Check with the property management company directly if you have questions about their specific co-signer requirements.