So, who can be a guarantor for renting a home? While a guarantor is usually a close relative or friend, they don’t have to be. A guarantor is someone who agrees to pay your rent if you can’t pay it for any particular reason.
In this video Move iQ, founder Phil Spencer answers questions renters might have and shares the ins and outs of who could be a guarantor. Let’s take a look at everything you need to know!
For additional information on this topic, check out our blog.
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VIDEO TIMESTAMPS ⏳
0:00 Video introduction
0:40 What is a guarantor?
1:48 When might a guarantor be rejected?
2:29 Are things different in shared accommodation?
2:55 Understanding the guarantee agreement
3:38 What if you can’t get a guarantor?
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