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Guarantor requirements checklist generator

Choose the income standard, documents and signature requirements for a guarantor, then generate the request to send.

Which are you requiring?
Identity
Income
Reports
Eligibility
Signature
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GUARANTOR REQUIREMENTS
A guarantor promises to pay if the tenant does not. They are not a tenant and have no right to occupy.

QUALIFICATION
  • Minimum gross income of 4x monthly rent ($8,000.00 per month).
  • Income is verified using the same documentation standard applied to applicants.

REQUIRED DOCUMENTATION
  • Government-issued photo identification
  • Recent pay stubs (2–3 consecutive)
  • Most recent tax return
  • Signed written guaranty referencing this specific lease
  • Guaranty expressly states whether it covers renewals

HOW TO SUBMIT
  • Submit your documents directly to the landlord, not through the applicant.
  • Your documents are stored privately and are not shared with the applicant.
Invite a guarantor directly through an Ayillo rental application

The guarantor gets their own secure link and submits their own documents.

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Guarantor vs co-signer

A guarantor guarantees the tenant's obligations but does not live in the unit and is not a tenant. A co-signer signs the lease itself and is a party to it, jointly responsible, sometimes with occupancy rights.

Most landlords screening a student, a new graduate, or an applicant just below the income threshold want a guarantor, not a co-signer. Be explicit about which one you are requiring — the documents are the same, the legal effect is not.

A common guarantor standard

  • Income at a higher multiple than the tenant (often 4x–5x rent rather than 3x), because the guarantor is also paying their own housing costs
  • Same income documentation you require from applicants
  • Government-issued identification
  • Signature on a written guaranty attached to the lease
  • Sometimes: residency in the same state or country, for enforceability

Handle guarantor information separately

A guarantor is usually a parent or relative who should not have to hand their tax returns to the applicant. Collect their documents directly from them, not via the tenant.

Frequently asked questions

Should I require a higher income multiple from a guarantor?
Most landlords do, because the guarantor is already covering their own housing. 4x to 5x rent is a common standard.
Does a guarantor need to sign the lease?
They sign a written guaranty, which is usually an addendum to the lease rather than the lease itself. Get it in writing either way.

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