8 Best Lease Guarantor Companies In 2025

For many renters, qualifying for a lease can be just as stressful as buying a home — especially in today’s economy. With rising rent prices, tighter application standards, and stricter income requirements, securing your dream apartment often means having a guarantor. That’s where the best lease guarantor companies come in.

These companies bridge the gap between tenants and landlords, offering a safety net for both sides. Tenants gain access to rentals they might not otherwise qualify for, while landlords get peace of mind knowing rent will be paid, even if a tenant falls behind. Whether you’re considering a co-signing service or a private guarantor company, finding the right provider can make or break your rental experience.

In this guide, we’ve handpicked eight of the best lease guarantor companies in 2025. We’ll explain what they offer, how they work, and why they’re often the smartest choice for today’s renters and landlords alike.

Here's a quick look at what we believe are the best lease guarantor companies out there:

• 1. TheGuarantors
• 2. Insurent
• 3. Leap
• 4. Steady Rent
• 5. Tenantcube
• 6. Rent Rescue
• 7. Nomad Lease
• 8. World Insurance
• What Is A Guarantor On A Lease?
• How Does A Lease Guarantor Work?
• Common Reasons For Lease Guarantors
• FAQ: Best Lease Guarantor Companies
• Best Lease Guarantor Companies: Final Thoughts

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1. TheGuarantors

The Guarantors company is an award-winning FinTech company that provides rent guarantees to enable renters’ access to spaces they want while protecting the landlord. As a leading guarantors NYC company, they have redefined the rental experience in New York City and beyond.

The New York-based company was established in 2015 by Julien Bonneville. He came up with the idea after missing out on renting opportunities in several buildings when he moved to New York City.

Now, alongside Bob Schmidt and several others, TheGuarantors has helped renters with over $2 billion in rent guarantees and deposits. The company is further backed by some of the largest insurance carriers, like Hannover Insurance and partners with renowned residential real estate brands in the U.S. to cover over 3 million units.

They offer three primary lease guarantee insurance products: rent coverage, deposit coverage, and renter’s insurance.

Rent coverage is like rent guarantor insurance for the landlord during the renter’s lease. The renter buys it to access a space they may not otherwise have the opportunity to rent due to their credit history or income level. In landlord-friendly states, when the renter cannot pay rent, the policy kicks in and reimburses the landlord.

The Guarantor’s deposit coverage benefits both the renter and the landlord. Renters pay a small, non-refundable fee, usually 6-33% of one month’s rent, allowing them to rent deposit-free while the landlord remains protected against damages, missed rent, and other costs that the security deposit typically covers. Renter’s insurance protects the renter and their stuff in the apartment from damage and other possible liabilities such as theft. Ultimately, they offer great guarantor insurance plans with no hidden fees, but some feature a high price tag. Additionally, the fees are non-refundable.

Read Also: How To Calculate ROI On Rental Property

2. Insurent

Insurent, established in 2002 by Jeffrey Geller, was one of the first private guarantor company options in the U.S. They currently partner with over 9,000 buildings in NYC and provide lease coverage for over 700,000 rental units across several U.S. states. Their lease guarantor program helps renters get approved quickly for rental apartments, condos, and co-ops. If you have U.S. credit, they guarantee 65%-85% of a month’s rent; for foreigners with no credit, their lease guarantee is 100%.

Insurent primarily caters to recent grads, international and U.S. students, self-employed individuals, retirees, and corporate leases. Their lease policies are underwritten and issued by Argonaut Insurance Company, an A-rated property and casualty insurance company licensed in 48 states, including New York and California.

To qualify for Insurent’s guarantor insurance policies, a renter’s annual income must be at least 27 times the monthly rent with a good credit score. If not, the renter must have a responsible party who meets these requirements to be approved.

Other than these basic requirements, access to Insurent’s lease guarantor program is quite straightforward—just fill out the online application and send in the required paperwork, typically two recent pay stubs or a letter from a new employer, the previous year’s tax returns or accountant letter, and a copy of Driver’s license or passport (for non-US individuals). They usually provide feedback within 24 hours.

3. Leap

Leap Easy offers rent guaranty and deposit replacement services to help renters secure their dream apartments while securing the landlord’s bottom line.

Leap has gained popularity, and many renters often ask, "how much is Leap guarantor fee?"

Tenants pay a one-time fee in the rent guaranty program, and in return, Leap Easy guarantees to reimburse landlords the full rent amount for leases up to 24 months long. They also cover a portion of the tenant’s legal costs in the event of an eviction. How much tenants pay to their rent guaranty program varies based on the lease’s duration and the tenancy terms.

For a budget-friendly monthly fee starting at $5, Leap Easy’s deposit replacement empowers tenants to move into their desired apartment without paying a traditional deposit. This fee ensures landlords receive compensation for property damages and eviction costs when the tenant eventually moves out. However, as with most apartment lease guarantor services, tenants don’t get a refund for either the rent guarantee or deposit fees, even if they do their part diligently. They perform a credit check to ensure no impact on the tenant’s FICO.

4. Steady Rent

Are you a landlord looking to expand your real estate investing portfolio but strapped for cash?

You might want to make Steady Rent your apartment guarantor service. If you're saying, "I need a guarantor," Steady Rent might be a fitting choice.

As part of their Owner Benefit Program, Steady Rent provides Rent Advance, a unique lease insurance that gives owners up to 12 months of rent payments upfront in one lump sum! Yes, you read it right—12 months of rent in advance, letting you use the money for alternative investments such as real estate wholesaling.

So, what’s the deal? A property manager must manage your rental units partnered with Steady Rent, and the minimum monthly rent should be $5,000. If you meet these criteria, your property manager gets all their management fees upfront.

Steady Rent’s owner benefit package also features rent protection, offering two months of rental payments for enrolled units. Landlords in this program also get market and asset reports, legislative updates, and up to $1,000 towards eviction, listing, and other legal action expenses if a tenant defaults. Unfortunately, the service is limited to 36 states.

5. Tenantcube

Tenantcube is primarily a property management software solution that covers various aspects of rental management, such as rent collection and tenant screening. This software for real estate investing also features a rental guarantee insurance add-on backed by Pensio Global, through which the platform covers a tenant’s missed rent payments until they move out. Whether using OneApp Guarantee or other tools, Tenantcube makes rental management straightforward.

The coverage is a landlord’s safety net for a year, typically offering up to $60,000 in missed payments, $10,000 in malicious damage protection, and $1500 for eviction legal fees. The best part is that the software’s other features are free!

6. Rent Rescue

Did your tenant fly away by night? You might consider signing up for Rent Rescue’s guarantor services to prevent recurrence. They offer rent default insurance that recompenses landlords for up to 6-months of rent when the tenant defaults.

Rent Rescue insurance programs also feature $1,000 toward legal expenses, property damages, and eviction costs.

However, landlords must meet certain qualifications. They need to show the tenant hasn’t been bankrupt or evicted again in the last five years and that they’ve had no arrears for over a year.

7. Nomad Lease

Rental properties are a profitable real estate investment, but managing them is no walk in the park. Fortunately, companies like Nomad Lease make it a tad easier. Nomad Lease partners with Liberty Rent, offering streamlined property and lease management.

Nomad Lease is a stone that hits two birds; they offer property management and lease guarantee services.

When you partner with them, they act as your tenant, ensuring you’ll receive the stipulated monthly rent whether the actual tenant pays it or not. Even more impressive is that you can claim up to six months’ rent upfront, generating private capital for other real estate investments.

At the same time, the company takes care of everything property management, including advertising your property and finding tenants on sites like Zillow and Redfin, tenant screening, lease management, handling repairs, and maintenance tasks.

Moreover, Nomad Lease offers a property protection program with up to $500K coverage for tenant-caused damages during the lease term. Simply put, they get the hard work out of rental property investing.

Also, note that you don’t have to commit to all their services. They offer different plans to suit different property owners. However, it’s important to know that their service fee is quite high compared to other lease guarantor services.

8. World Insurance

If you’re looking to provide tenants with no or poor credit history with rental opportunities without putting your revenue on the line, World Insurance is a good lease guarantor company option. Founded in 2011, World Insurance is a broker with over 260 offices nationwide. As the second fastest-growing broker, they plan to open even more offices to facilitate seamless consultations and attentive services.

World Insurance partners with The Pensio Group of Companies to offer AssuredRent, a strategic rental income guarantee program for landlords, tenants, and developers. This program covers up to 12 months of unpaid rent, giving landlords peace of mind. It provides up to $60,000 in unpaid rent and $10,000 in damage protection. They also refund landlords up to $1500 worth of a tenant’s eviction costs. And they’re quite prompt to reimburse, usually processing the payments within 30 days of the eviction notice to the tenant as long as they’re also notified within the same period.

What makes World Insurance stand out further is that, unlike many lease guarantors, they have no minimum credit score requirements for the tenants. To qualify, tenants only need income verification and a rental history with no rent loss or damage claims in the last three years.

Generally, they offer an excellent lease guarantee program, but unfortunately, approval may take as long as one month, which may not be suitable for prospects in a hurry.

What Is A Guarantor On A Lease?

A lease guarantor is someone who agrees to pay your rent if you can’t. When you sign a lease, landlords want to make sure they’ll get paid on time — and if your credit, income, or rental history doesn’t meet their requirements, they may ask you to provide a guarantor. This person co-signs the lease and promises to cover any missed rent, late fees, or other charges if you’re unable to pay.

In most cases, a guarantor can be a family member or friend — as long as they meet the landlord’s financial standards. But asking someone to take on that responsibility can be a big deal. That’s why many renters turn to the best lease guarantor companies, which act as professional co-signers. These companies help you qualify for rentals by guaranteeing your lease, while also giving landlords peace of mind that the rent will be covered no matter what.

Read Also: Flipping Real Estate Contracts: A 6-Step Guide For Investors

What is the Difference Between a Lease Guarantor and a Co-Signer?

The terms "guarantor" and "co-signer" are often used interchangeably, but they mean two different things — especially when it comes to renting.

A lease guarantor is someone who agrees to pay the rent only if the tenant can’t. They don’t live in the apartment, and they’re not involved in the day-to-day lease — they’re simply there to back the tenant financially if something goes wrong. Many of the best lease guarantor companies operate this way, acting as a safety net for both the renter and the landlord.

A co-signer, on the other hand, is usually someone who shares responsibility from the beginning. They’re often listed on the lease, may live in the apartment, and are expected to help pay rent and other housing costs every month.

In short: a co-signer is more like a roommate, while a guarantor is a backup plan.

Read Also: Wholesaling Apartment Buildings: Step By Step Guide

How Does A Lease Guarantor Work?

A lease guarantor steps in to give landlords financial peace of mind when a tenant doesn’t fully meet their rental requirements. In simple terms, a guarantor agrees to cover the rent and any other costs — like late fees or damage charges — if the tenant is unable to pay. This makes the guarantor a kind of insurance policy for the landlord, and they remain tied to the lease for its entire duration, even if they don’t live in the unit or use the property.

When you use one of the best lease guarantor companies, that company signs onto the lease with you. They don’t replace you as the tenant, but they provide a financial guarantee that rent will be paid no matter what. This makes landlords much more likely to approve your application, especially if you have little credit history, lower income, or you're a student or international renter.

Different landlords and guarantor services may have slightly different requirements, but in most cases, a guarantor (whether a person or a company) needs to be financially stable. That usually means having a minimum credit score of around 700 and earning at least 40 to 80 times the monthly rent annually. To prove this, guarantors are typically asked to provide documents such as:

• Pay stubs or proof of employment
• Bank statements
• Tax returns (often the last two years)
• Social Security Number (or a valid form of ID, especially for international guarantors)

One of the key benefits of working with a professional guarantor company is that they already meet these financial qualifications — so you don’t have to find a friend or family member who’s willing to take on that responsibility.

When you apply through a guarantor company, you’ll usually submit your lease information, undergo a quick screening, and if approved, they’ll co-sign your lease. From there, you can move in just like any other tenant — with the added confidence that you’ve got a professional guarantor backing you up.

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Common Reasons For Lease Guarantors

Not every landlord or property management company requires a lease guarantor. However, those that do often require one when the tenant:

• Has a bad, limited, or no credit history
• Is a low or irregular-income earner
• Is a student
• Has little to no rental history
• Past rental history features evictions or late payments
• Has a new job
• Is a foreigner

FAQ: Best Lease Guarantor Companies

Choosing the best lease guarantor companies can be confusing if you’re not familiar with how they work or what to look for. Whether you're a renter or a landlord, understanding these services can help you make smarter decisions and avoid unnecessary stress. Below are answers to some of the most frequently asked questions about lease guarantor companies and how they support the rental process.

What do the best lease guarantor companies do?

The best lease guarantor companies act as a financial safety net, agreeing to cover rent if a tenant can’t pay. They help renters qualify for leases and provide landlords with added security.

Who should use a lease guarantor company?

Tenants with low income, limited credit history, or international backgrounds often benefit most from using the best lease guarantor companies. These services also help students and young professionals get approved more easily.

Are the best lease guarantor companies safe to use?

Yes, the best lease guarantor companies are legitimate businesses with secure application processes and legally binding agreements. Always check reviews and verify that they’re working with reputable landlords.

How do the best lease guarantor companies compare to co-signers?

Unlike a co-signer who may live with the tenant, guarantor companies serve only as financial backup. They offer a more professional and less personal way to secure a lease.

How much do lease guarantor companies charge?

The best lease guarantor companies typically charge a one-time fee, usually between 5% and 15% of the annual rent. The exact cost depends on the applicant’s profile and lease terms.

What documents do I need to apply with a lease guarantor company?

Most best lease guarantor companies require proof of income, a credit check, and identification. Some may also request tax returns or employment verification.

Can landlords require tenants to use a guarantor company?

Yes, some landlords may require tenants who don’t meet income or credit requirements to apply through one of the best lease guarantor companies. This ensures rent will be paid on time.

Do all landlords accept lease guarantor companies?

Not all landlords work with guarantor services, but many accept tenants backed by the best lease guarantor companies. It’s always best to confirm with the property manager before applying.

Are lease guarantor companies available in every state?

Most of the best lease guarantor companies operate nationwide, especially in high-rent areas like New York, California, and Illinois. Always check to see if your city is covered before applying.

What makes a lease guarantor company the best?

The best lease guarantor companies offer fast approvals, transparent pricing, and strong support for both tenants and landlords. Reputation, reliability, and nationwide service also set them apart.

Final Thoughts On The Best Lease Guarantor Companies

The best lease guarantor companies make renting more accessible for tenants — and far less risky for landlords. By stepping in as a trusted financial backer, these services help renters qualify for apartments they might not otherwise secure while giving property owners confidence that the rent will be paid on time, every time.

Whether you're a tenant trying to land your dream apartment or a landlord looking to minimize financial risk, choosing the right lease guarantor service can make all the difference. The companies we highlighted above are among the top options in 2025, offering reliable, professional solutions for a smoother leasing experience.

At the end of the day, the goal is simple: make renting fair, flexible, and stress-free — and that’s exactly what the best lease guarantor companies are designed to do.

Ready to Take the Next Step in Real Estate Investing? Join our FREE live webinar and discover the proven strategies to build lasting wealth through real estate.

Whether you're just getting started or ready to scale, we'll show you how to take action today. Don't miss this opportunity to learn the insider tips and tools that have helped thousands of investors succeed! Seats are limited—Reserve Your Spot Now!

*Disclosure: Real Estate Skills is not a law firm, and the information contained here does not constitute legal advice. You should consult with an attorney before making any legal conclusions. The information presented here is educational in nature. All investments involve risks, and the past performance of an investment, industry, sector, and/or market does not guarantee future returns or results. Investors are responsible for any investment decision they make. Such decisions should be based on an evaluation of their financial situation, investment objectives, risk tolerance, and liquidity needs.