What’s The Point Of A Guarantor Or Co-Signer?

The Toronto rental market is on fire, and agents are having trouble with the concept of a "guarantor" on a lease. Recently, an agent showed a unit listed at $2,100 per month with dead cockroaches in the closet and a moldy dishwasher. This property received ten offers and leased for $2,400/month. Agents are also having trouble with the concept of a "guarantor" on a lease, as the landlord does not want to accept "just anybody" and requires a GDS ratio below 32%. Fair is fair, and agents should offer an offer with twelve months' rent up front.

The most important details in this text are that a "celebrity German tattoo artist" had no job in Canada, no income, no credit, and no supporting documents other than a German passport. An agent offered to lease the apartment to the two young 20-somethings with entry-level salaries and poor credit, but the agent asked for the father's last two years' T1's and NOA's, a credit score, and employment letter. The agent then asked for the father's last two years' T1's and NOA's, a credit score, and employment letter. The agent then asked for the father's last two years' T1's and NOA's, a credit score, and employment letter, but the agent asked for the father's last two years' T1's and NOA's, a credit score, and employment letter. The agent then asked for the father's last two years' T1's and NOA's, a credit score, and employment letter, but the agent asked for the father's last two years' T1's and NOA's A guarantor does not go on title to a property when purchasing, but as with a co-signer, it provides a guarantee to the bank or lender that if the buyers default, the lender can come after the guarantor for the debts owed.

A co-signer does go on title to a purchase, but it will affect their credit. In the case of a lease, if the tenant misses a rent payment, the landlord can go after the co-signer or guarantor. The guarantor was a scribbled signature on the Offer To Lease, which was not a name, but just a mess of ink. The guarantor should have learned a lesson about what a "guarantor" does for a client.