What is a Guarantor in an Apartment Agreement?
When you are working on moving into an apartment, there is a lot of paperwork that you need to sign and send in. There may also be some situations where the landlord is going to ask you to have a cosigner or a guarantor who will sign with you before you are allowed to rent out an apartment. This may happen when you have credit, income, or a rental history that does not meet the requirements of the landlord. But what is a guarantor and why would you need one?