Home 
For Guarantors
Welcome to Undorm, Guarantors!
This is likely due to:
This is likely due to:
- Lack of Credit History
- Insufficient Income
- No Employment
Landlords in NY generally require 40x the monthly rent in annual income. To make this lease happen with someone who doesn’t have that income, landlords need someone with verifiable income to cover the obligations of this lease. Guarantors are generally required to show 80x the monthly rent in annual income.
Guaranteeing a lease is easy — we will be your one-stop resource to walk you through each step.
The 1st step is assembling the standard documents that landlords will request:
- 1Copy of govt. Issued ID or passport
- 2Letter from employer (or CPA if self-employed)
- 3Two most recent bank statements
- 4Two most recent tax returns (first 2 pages of form 1040)
To move forward, feel free to get in contact with us:
What If I Don’t Want to Guarantee?
What If I Don’t Want to Guarantee?
Several companies have been founded to meet the needs of renters to replace the traditional guarantor process. These companies, for a fee, will take on the financial liability of the tenant's lease.
If you prefer to pursue this option, Undorm is happy to walk you through the process with some industry partners. Just remember, not all landlords take commercial guarantees!
Several companies have been founded to meet the needs of renters to replace the traditional guarantor process. These companies, for a fee, will take on the financial liability of the tenant's lease.
If you prefer to pursue this option, Undorm is happy to walk you through the process with some industry partners. Just remember, not all landlords take commercial guarantees!
Inquire about Commercial Guarantees
Frequently Asked Questions
Frequently Asked Questions
Why am I needed to guarantee a lease?
Undorm provides a matchmaking program to pair students in apartments to the next tennant. Current tenants can make up to a half month’s rent if the next lease is facilitated by Undorm.
What are my obligations by guaranteeing a lease?
The biggest obligation is financial-- should the current tenant not pay rent, you would be liable for what is owed. Furthermore, you may also be liable for damage to the unit.
What documents are needed?
You will be contacted by a member of the Undorm team shortly and get access to your portal instantly. We’ll reach out to discuss apartment preferences and set a timeline to get you into your new pad on your schedule.
I don’t want to guarantee this lease personally. Are there any other options?
You will be contacted by a member of the Undorm team shortly and get access to your portal instantly. We’ll reach out to discuss apartment preferences and set a timeline to get you into your new pad on your schedule.
