What is a guarantor? What does the guarantor agree to?
A guarantor is a person who will co-sign an apartment lease with the tenant that will be occupying the apartment. A Guarantor guarantees to pay the rent if the tenant fails to do so. The guarantor is usually a parent, family member, or close friend who is willing to be legally responsible for the rental apartment.
Your guarantor is only financially responsible for the rent if there is a default in payment.