Apartment Guarantor Nyc

Who can apply with leap.

Apartment guarantor nyc.

First most nyc landlords require guarantors to live in the tri state area so they re easier to track down should you default. If this isn t the. 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.

A guarantor is someone usually a parent or family member who will co sign the lease with an applicant. 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. As a co signer of the lease a guarantor assumes responsibility to pay the rent if the tenant fails to pay. 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.

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. Anyone can apply for our renter access program. But like all things related to getting an apartment in nyc signing a lease with a guarantor is not a simple process. Theguarantors is a good service not only for tenants but also for owners.

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. Tal kerret president of silverstein properties. Technically speaking we don t provide you coverage but we find you coverage from one of our insurance partners. 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.

We replace the need for large move in costs and co signers. Accepted at over 480 000 units across ny nj ma va md dc il nv and ca. Some landlords require that a guarantor lives in the tri state area too. 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.

Best of all you can get approved in 30 minutes at the lowest guaranty prices and the guaranty is normally issued within 24 hours. We are the guarantors agency a licensed insurance agent and broker. 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. Our program eliminates the hassle of finding a suitable co signer.