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Guaranty Attachment to Lease for Guarantor or Cosigner South Dakota Form

Guaranty Attachment to Lease for Guarantor or Cosigner South Dakota Form

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if you're applying for a rental property or you're a landlord reviewing applications you may be wondering why someone might need to use a co-signer or guarantor so here are the most common reasons first is a rough rental history this makes a landlord feel uneasy about you living in the property in this case having a co-signer or a guarantor with a better rental history could increase your chances of getting approved reason number two is a low credit score this one might be the most common so by using a guarantor or cosigner with a good credit score it can show the landlord that all the financial responsibilities will be taken care of and the last common one is low income typically a landlord would require you to make three times the rent if you don't reach that threshold then you could use a cosigner or guarantor if they have a higher income it'll definitely increase your chances of getting approved a landlord just wants to see that the financial respons

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