What are the tenant's responsibilities towards their guarantor?

A guarantor/co-signer may be required for the lease. ... First month's rent, last month's rent and security deposit equal to not more than one month's rent could ... Aug 6, 2021 ... Most landlords and property managers have strict guidelines for guarantors to ensure that they are financially able to assume the responsibility ... What does a guarantor need to provide? · Proof of identity, like a passport or driving licence. · There will be credit checks that they need to pass. This looks ... Aug 10, 2022 ... Yes 80x. They have to be able to pay their rent and yours since they are signing your lease and are financially liable for you (if you can't ... ... need to provide evidence that you are reliable and can pay the rent. This ... You may also be asked to provide a guarantor who will be responsible for paying the ... Jun 3, 2024 ... Typically, rent guarantors are parents, relatives or close friends of the tenant. To qualify as a guarantor, you will need to provide the ... Oct 16, 2023 ... A suitable guarantor should have a stable income and employment and the means to cover any potential rental arrears or damages. Ideally, the ... Jun 2, 2021 ... That's someone who guarantees payment on the lease if you can't come up with the cash. The person doesn't need to be a relative, but they generally need to ... Pointedly: landlords frequently require first-time property renters to provide lease guarantors. ... How Much Do You Need to Earn to Be a Guarantor? There is no ... Also, if the applicant does not meet the financial requirements or credit test, a landlord will require a guarantor on the lease. Written by Amber James.