What's a guarantor?

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Question: What's a guarantor?

Answer:

A guarantor is someone who signs the lease with you and takes on your financial obligations under the lease. He or she doesn't actually become a tenant or occupant live in the apartment with you, but chooses to become bound to the lease. This means that if you don't pay your rent on time, the landlord can come after the guarantor for the money.

Get the answers to more frequently asked questions about apartment guarantors.