We've replaced the old cash deposit with a small, non-refundable fee. It allows you to keep cash in your pocket and use it for whatever you want!
Enroll with TheGuarantors
Sign your lease and move in
It's an insurance policy that benefits your landlord in case you stop paying for rent. The renter buys the policy in order to qualify to rent the apartment. This allows landlords and property managers to accept renters like you, who might otherwise have been rejected because it helps eliminate the risk.
Because you are a renter who does not meet the landlord's requirements to rent the apartment. This typically happens to students, foreign nationals, and self-employed individuals.
Usually, the costs are about 35% to 85% of one month's rent. The cost is per lease, not per tenant.
New York, April 2021