Can my landlord ask me to get a guarantor for a rent-stabilized apartment?
A guarantor comes into play when you are renting in New York City if your finances fail to meet the requirements set by landlords. Typically, tenants need to have good U.S credit and earn 40 times the monthly rent.
If you don’t meet these standards, Sam Himmelstein, a partner at Himmelstein, McConnell, Gribben, Donoghue & Joseph (and a Brick sponsor, FYI), says landlords can require “any tenant, rent-stabilized or not, to have a guarantor on their initial lease.”
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