Removing or switching a guarantor from lease

Depending on the application results, some tenants are required to have a guarantor to sign their lease. This article explains what to do if you need a new guarantor and/or if you want to remove a guarantor.

Changing a Guarantor

You can change a guarantor at any time by having the new guarantor complete an apartment application and pay the application fee of $50. Assuming the new guarantor meets the credit score requirements, we will then prepare a new lease agreement that names the new person as the guarantor. 

If a guarantor can no longer guarantee a lease (for example, a death or bankruptcy), then a new guarantor must be found by the time of the next lease renewal. The new guarantor will need to complete and pass an apartment application and pay the application fee of $50.

Removing a Guarantor:

Once per lease term (not counting the original lease term) a tenant has the option (at tenant’s expense -$50) to request that URE re-run their credit report to see if a guarantor is still required.