If you are interested in renting an apartment, there might be several reason why you might need a co-signer to help seal the deal. Here is some basic information on co-signers and whether you will find yourself needing one on your next apartment lease.
What is a co-signer? A co-signer will appear on the lease agreement with you, but will not have to live with you in the apartment. They agree to be liable for the lease in the case that you default on your rent payments. They usually are a third party friend or relative who has a favorable credit rating and willing to pay your rent if you find that you cannot.
Why use a co-signer? If you have poor or no credit history then your landlord will likely require a co-signer or guarantor on your lease. A co-signer can help you secure an apartment by strengthening your application.
What if I don't have a co-signer? Work with an apartment finder to help you approach the situation. Many times a landlord will ask you to put a larger security deposit upfront if you cannot secure a co-signer. An apartment finder will work with you to put your best foot forward as a rental candidate.
All of the apartment finders at San Antonio Apartments Now are knowledgeable with the right questions to ask before you sign a lease. Contact us today and let us help you determine if you need a co-signer on your next apartment lease.