Apartment Guarantor Nyc

Theguarantors is a good service not only for tenants but also for owners.

Apartment guarantor nyc.

Who can apply with leap. But like all things related to getting an apartment in nyc signing a lease with a guarantor is not a simple process. 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. As a co signer of the lease a guarantor assumes responsibility to pay the rent if the tenant fails to pay.

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. 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. We are the guarantors agency a licensed insurance agent and broker.

Credit and make at least 80 times your monthly rent annually. Our program eliminates the hassle of finding a suitable co signer. If this isn t the. First most nyc landlords require guarantors to live in the tri state area so they re easier to track down should you default.

Technically speaking we don t provide you coverage but we find you coverage from one of our insurance partners. 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. We replace the need for large move in costs and co signers. Tal kerret president of silverstein properties.

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. Guarantors essentially are a third party who co signs the lease with you and will be financially and legally obligated to pay your rent if you fail to do so. 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. For more detailed information on either our licenses or any of our insurance partners please see our legal regulatory notice.

With renter access leap fills in for a guarantor or parent co signer when required by a landlord. A guarantor is someone usually a parent or family member who will co sign the lease with an applicant. Best of all you can get approved in 30 minutes at the lowest guaranty prices and the guaranty is normally issued within 24 hours. 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.