WebDec 23, 2024 · A lease guarantor form is a legally binding document between the landlord and tenant that ensures the tenant's rent and other obligations will be met. The form may also provide protection for both parties in case of disputes or breach of agreement. WebJul 1, 2024 · Landlords may require a lease guarantor to earn 40x–90x the monthly rent in annual income to qualify. For example, if your rent is $2,500 a month, your guarantor would need to earn $100,000 – $225,000 a year depending on the lease agreement.
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What Is a Guarantor? - The Balance
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