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Apartment Co Applicant, Moreover, some landlords actually require the guarantor to be a homeowner, just as an extra precaution. It's important they have good income and means to support the renter in case an isssue arise. The applicant may have paid rent late every month, trashed the unit, broke the lease early, or even been evicted.

Everything You Need to Know About Apartment CoSigners
Everything You Need to Know About Apartment CoSigners from ohmyapt.apartmentratings.com

The applicant had an issue with a previous landlord. The application fee funds the credit and background checks done on potential renters. This is often seen when couples apply for a mortgage, but can also be used with an auto loan, credit card, or even a personal loan.

Everything You Need to Know About Apartment CoSigners from Nice Breaking News

This is often seen when couples apply for a mortgage, but can also be used with an auto loan, credit card, or even a personal loan. The applicant had an issue with a previous landlord. A prospective tenant will usually have to fill out a rental application which includes information such as: This means they agree to take. Updated march 15, 2022 17:49.