What do I need to know about guarantors?
In the context of a rental, the guarantor undertakes to pay the rent in the event of an inability to pay the rent.
The landlord can turn against the guarantor in case of non-payment : if there is legal proceedings, the guarantor is prosecuted as much as the tenant.
The guarantor is a hired person, whose income is sufficient (at least 3 times higher than the amount of the rent) to assume the payment of your rent in case of need.
Generally, the guarantors are the tenant's parents but it is possible to call on any trusted relative. This can be:
If no one from the entourage can stand surety, there are aids such as the Visale guarantee (for rents below 2000 euros monthly and if the lessor is a legal entity). Action Logement guarantees free of charge to cover unpaid rents and any rental damage.
The landlord can turn against the guarantor in case of non-payment : if there is legal proceedings, the guarantor is prosecuted as much as the tenant.
The guarantor is a hired person, whose income is sufficient (at least 3 times higher than the amount of the rent) to assume the payment of your rent in case of need.
Generally, the guarantors are the tenant's parents but it is possible to call on any trusted relative. This can be:
- Natural persons : family members, friends, third parties,
- Legal entities : companies, banks or associations.
If no one from the entourage can stand surety, there are aids such as the Visale guarantee (for rents below 2000 euros monthly and if the lessor is a legal entity). Action Logement guarantees free of charge to cover unpaid rents and any rental damage.
- The guarantor must deliver a letter to the owner,
- This allows the natural or legal person to declare himself as a simple or joint guarantor,
- It is a fixed-term or indeterminate act of guarantee for the benefit of the tenant.