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What is a guarantor? What does the guarantor agree to?

by WPMC Digital
October 21, 2022

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.