Co-Applicant, Co-Signer, Guarantor: What Are the Differences?

November 15, 2022 | By Stella M AuthorMy First Apartment

Many previously unknown terms come up when you’re applying for an apartment for your first time, and learning how to properly navigate the lingo is an important step to making sure you’re getting into a lease you’re happy with. Three common terms are co-applicant, co-signer, and guarantor, which all describe someone who’s on your lease…

How to Find a Guarantor

October 7, 2021 | By Stella M AuthorMy First Apartment

For first-time renters or those looking to rent without proof of stable employment and income, landing that dream apartment may take an extra effort. When you’re credible but not quite meeting all the marks, a landlord may recommend you find a guarantor, allowing you to meet their requirements in a combined group effort. If you’re…

Crisis Averted

May 24, 2006 | By Jessica AuthorMy First Apartment

So, the property manager called this morning and said I needed a cosigner. Unfortunately, I don’t have one. I was worried this might happen. The rent is 35% of my income, and my credit score is decent considering my age, so I was hoping I wouldn’t need a cosigner, but apparently, I’m a risk. :)…