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Arbitration requirement for guarantor - common or red flag?

Rights for non-regulated tenants

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Arbitration requirement for guarantor - common or red flag?

Postby throwaway121212 » Tue Jul 02, 2019 1:39 pm

Hi! I'm in the process of getting an apartment having just moved here from the West Coast. The apartment's lease requires a guarantor regardless of my income and the guarantor agreement includes an arbitration clause.

Should I see this as a red flag or is this commonplace for apartments around here?
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Re: Arbitration requirement for guarantor - common or red fl

Postby BubbaJoe123 » Wed Jul 03, 2019 10:19 am

I've never heard of a landlord requiring a guarantor for all tenants regardless of the tenant's income. Do you have a very short or non-existent credit or employment history?
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Re: Arbitration requirement for guarantor - common or red fl

Postby Landlords Boy » Thu Jul 11, 2019 2:19 pm

Standard lease forms include a block for a guarantor but that doesn't mean a guarantor is required, unless the landlord says so.
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