This is about the person committing themselves as a guarantor to be responsible for any possible debt from the tenant, in the event of unpaid rent.
There are two forms of guarantors:
- The simple guarantor, this is when the landlord/landlady can only claim from them in the event of the tenant not paying. For a co-rental, the guarantor is only financially committed for the share of the rent of the person for whom they are the guarantor.
- The joint guarantor, this is when the property owner can directly come to the guarantor to pay all the unpaid rent.
Who can be a guarantor?
It is recommended to look for a guarantor in your close family. The guarantor must also have sufficient income to be able to possibly be responsible for the rent.
In the event where the tenant cannot find a guarantor, they can benefit from the Loca-Pass guarantee. (https://www.service-public.fr/particuliers/vosdroits/F18490)
It is also possible that student residences allow you to not have a guarantor, in exchange for you paying an advance payment towards your rent.
The guarantor’s commitment ends in principle at the planned end of the guarantor’s deed, if they have set a determined duration; or upon the expiry of the lease agreement during which you have ended your commitment if this duration was not specified.