Leasing
How student housing guarantors work
What a guarantor is, what they are agreeing to, and the options for students who do not have one.
For students & parents · 5 min read
What a guarantor does
A guarantor — usually a parent or family member — agrees to cover rent and certain charges if the resident does not. Because many students have limited income or credit history, most student properties require one.
What guarantors are usually asked for
- A separate guarantor application or agreement
- Proof of income, often a multiple of the monthly rent
- Identity verification and, sometimes, a credit check
Joint leases raise the stakes
On a joint lease, a guarantor may be responsible for more than their own student’s share. Parents should read the guaranty carefully and ask the property to clarify the scope in writing.
If you do not have a guarantor
Many properties accept alternatives, such as a larger deposit, prepaid rent, or a third-party guarantor service. Policies vary, so ask early.
This guide is general information, not legal or financial advice. Lease terms vary by property — always read your lease and ask the leasing office when something is unclear.