Co-Signer or Guarantor

What is a lease guarantor?

A guarantor is a person who will co-sign an apartment lease alongside a tenant, guaranteeing 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.

In the context of renting apartments, the terms guarantor and co-signer are sometimes used interchangeably. Both guarantors and co-signers are responsible for paying the rent if it goes unpaid by the tenants.

 

For more information see the full link below: 

Lease guarantors and cosigners: What are they and why would you need one?