Questions Answered: What You Need to Know About Guarantors

Affording an a rental apartment can be next to impossible for some newcomers, particularly those who prefer to rent alone, as well as recent college graduates without much credit history. With NYC’s strict income requirements (earning a salary that’s 40 to 50 times the monthly rent), it’s not uncommon for renters to seek assistance so they can qualify for an apartment. Enter “the guarantor.” Read on to get your guarantor questions answered.

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