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Guarantor pre leasing application 2025

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The document is a Guarantor Pre-Leasing Application form that collects essential information from a guarantor to facilitate credit and background screening for rental property. It outlines the necessary details about the lease, the guarantor's personal and financial information, and their relationship to the residents. The form emphasizes that it is not a binding agreement but a preliminary application, and it includes sections for verification and submission instructions.

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Click ‘Get Form’ to open the guarantor pre leasing application in the editor.
Begin by filling out the 'Lease Contract Information' section. Enter the names of all residents responsible for the lease, along with the street address, city, state, and zip code of the dwelling being leased.
Next, move to the 'Guarantor Information' section. Provide your full name as it appears on your ID, social security number, current address, birthdate, and contact information. Ensure accuracy as this information is crucial for verification.
Complete details about your employment and income in the 'Your Work' section. Include your employer's name, position, work phone number, and gross monthly income.
If applicable, fill out your spouse's information in the 'Your Spouse' section. Repeat similar steps as above for their details.
Finally, review your credit and rental history. Answer any questions regarding past rental agreements or legal issues honestly.
Once all sections are completed accurately, sign the application electronically within our platform and submit it as instructed at the end of the form.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Who does a guarantor guarantee?

A guarantor is an individual that agrees to pay a borrowers debt if the borrower defaults on their obligation. A guarantor is not a primary party to the agreement but is considered to be an additional comfort for a lender. A guarantor will have a strong credit score and earn sufficient income to meet the obligation.

What power does a guarantor have on a lease?

A lease guarantor, often a family member or close friend, agrees to take on financial responsibility if the tenant fails to pay. Having a guarantor can significantly strengthen a rental application, making renters with limited credit history or financial concerns more appealing candidates to landlords.

What is a guarantor pre leasing application?

Some landlords or property managers require select applicants to have a guarantor, or someone who agrees to cosign the lease and assume financial responsibility for the unit. The terms guarantor and cosigner are often used interchangeably, but they arent quite the same.

Is a lease valid if not signed by guarantor?

This depends on what the CONTRACT states. Normally, she is liable but the would-be guarantor is not. HOWEVER, if the contract states that the lease is NOT VALID until/unless there is also a guarantor that signs, then the contract is simply not enforceable.

Will a guarantor guarantee an apartment?

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.

guarantor pre leasing

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How do you list a guarantor on a lease?

Typically, a Guarantor Agreement is appended to the end of a lease agreement as an addendum. If, for whatever reason, you need to add a guarantor to a lease that has already been signed, be sure to have all tenants sign the agreement as well as the guarantor.

Does a guarantor guarantee a lease?

A lease guaranty is a contract between an individual or entity (guarantor) that is typically related to the tenant. The guarantor promises to pay the landlord any and all payments due under the lease in the event the tenant defaults under its lease obligations and otherwise cure the tenants defaults.

What is a pre lease application?

Pre-leasing is a process for new potential residents to apply for and pay a deposit on an apartment/home before it is available for viewing. Pre-leasing typically applies to properties that are in the process of vacating (i.e. the previous tenant is still living there).