If your income or credit history is limited, a landlord may ask for a guarantor: someone who agrees to pay if you don't.
Good to know
- A guarantor is legally responsible for the rent if you don't pay
- Landlords usually require higher income from a guarantor
- Some landlords accept a larger deposit or prepaid rent instead (rules vary by state)
- Talk openly with your guarantor about what happens if you can't pay
General educational information. Tenant laws vary by state and city. Smart Penny Path isn't paid by any landlord, listing site, mover or insurer.