What is a guarantor?: Role of the guarantor
Definition of guarantor
A guarantor is a natural or legal person who will stand surety for a tenant with your landlord.
If you are a student, your income is irregular or you are in a situation considered unstable by lessors (freelance, fixed-term contract, self-employed, looking for work, etc.), a guarantor will be systematically requested from you by the owners and real estate agencies.
For more information on what the law provides for the guarantor, you can consult our article: Acting as guarantor for a rental: all about what the law says
What is the role and responsibility of the guarantor?
The role of the guarantor is simple: in the event of non-payment of rent on your part, your guarantor will be legally responsible for paying them to your landlord. The role of the guarantor is therefore very important because it helps secure your lessor and establishes a climate of trust.
You understand that to vouch for a tenant is a major commitment, which is not within everyone’s reach! Indeed, in order to vouch for a tenant, it will be necessary to be able to justify to the lessors of a financial capacity allowing to assume this responsibility.
In which case(s) can I be asked for a guarantor?
In France, the rental market is becoming increasingly tight, especially in large cities such as Paris, Lyon and Marseille. Faced with this constantly growing demand, owners are demanding more and more guarantees in order to be reassured and to rent their property serenely. The guarantor thus remains an essential part of the rental.
If you are in one of the following scenarios, you will almost always be asked to provide a guarantor:
- You are a student
- you are foreign
- Your income is irregular
- Your income is not more than 3 times the amount of the rent
- You are in a situation considered unstable: CDD, independent, freelance, job search, etc.
Who can vouch for me?
Not just anyone! Landlords require your guarantor to meet certain conditions:
- To be a French resident
- Being on a permanent contract outside of the trial period
- Have a stable income at least greater than three times the amount of the rent
- Be a member of your family or a close friend
You don’t have anyone around you who meets these criteria? Do not panic, SmartGarant can help you! SmartGarant acts as guarantor for you and allows you to have the best file. Our solution provides all the guarantees requested by landlords thanks to a specialist in unpaid rent guarantees.
Submit your request in less than 3 minutes, receive your SmartGarant certificate in a few hours and obtain the best of guarantors. Why ? Because we guarantee your landlord to collect their rents every month and free of charge, with no deductible or waiting period, with a guarantee of up to €100,000.