Do all guarantor forms put you over a barrel?

[Kelvrick]

I'm filling one out for my sister to get an apartment and its about as thorough as a home loan. Spouse information? Screw that, she's not the guarantor, I am. Banking information, must be notarized. Says on there before signing that I've been provided a copy of the rental agreement, but I haven't. They don't give us one of those until after we pay a 70 application fee (35 for my sister with absolutely no credit, fucken bastards) then another 35 for me.

After we pass, THEN they give us the rental agreement. Now I'm sitting here 200 miles away and I need to get it there by Monday or she doesn't get the apartment and my mom will be on my case for not looking after my sister and keeping her from getting a nice apartment close to campus.

Rant over as I sign away all my information, go find a notary and have to get to the post office by 4. fucken apartment.

 

[Chaotic42]

My apartment's paperwork wasn't bad. Apparently it's pretty easy to get an apartment here, judging by my neighbors. That does suck though, and I'd imagine it will be tough as hell to break the lease.

 

[MovingTarget]

I had to go through a similar process. Problem is, they wouldn't allow my student loans (or later, TA job) to qualify as income to get the apartment. Hence, I had to go begging my family to get them to sign the forms. Personally, I find the credit/income check to be quite invasive. If you don't think I will be a decent tenant or that I will skip out on paying rent, that is what the DEPOSIT is for.

Other than that part of the process, everything with my apt landlord has gone smoothly. It is a nice place for a decent price.

 

[sjwaste]

Basically all college apartments do this. They know your parents are the ones actually paying the rent in most cases, and they want your parents signing the lease agreement. They also know most college students dont have reliable income.

If you can't get a guarantor, you might be able to collateralize it, but you'd have to speak w/ the landlord.

 

[Kelvrick]

Originally posted by: sjwaste
Basically all college apartments do this. They know your parents are the ones actually paying the rent in most cases, and they want your parents signing the lease agreement. They also know most college students dont have reliable income.

If you can't get a guarantor, you might be able to collateralize it, but you'd have to speak w/ the landlord.

I know, I walked over to the barrel and said I'm open for business. Maybe I was just lucky enough to have gone through college and never having to get a guarantor.

 

[mugs]

Why isn't your mother filling this out?

Also, pics of sister.

 

[alkemyst]

Originally posted by: Kelvrick
I'm filling one out for my sister to get an apartment and its about as thorough as a home loan. Spouse information? Screw that, she's not the guarantor, I am. Banking information, must be notarized. Says on there before signing that I've been provided a copy of the rental agreement, but I haven't. They don't give us one of those until after we pay a 70 application fee (35 for my sister with absolutely no credit, fucken bastards) then another 35 for me.

After we pass, THEN they give us the rental agreement. Now I'm sitting here 200 miles away and I need to get it there by Monday or she doesn't get the apartment and my mom will be on my case for not looking after my sister and keeping her from getting a nice apartment close to campus.

Rant over as I sign away all my information, go find a notary and have to get to the post office by 4. fucken apartment.

Application fees cover the credit check...for every good leasee, the complex has the costs of 100's of applicants.

Many financial items may ask for your spouse's acknowledgement...depends on state and whether she'd be responsible.

They don't have any control over how far you are..that's a moot point.

Anyway regardless of all this, it's time to let your sister make some decisions and time you didn't have you mother controlling your life as you are making it out to be.

Do it because you want to help your sister, not because your mom makes you.