When would I need a co-signer or double deposit?

First, let's clarify what a co-signer is versus a double deposit.

CO-SIGNER/LEASE GUARENTOR
Often a parent or guardian, this person needs to be a family member. They are guaranteeing that the rent will be paid in a timely manner and covenants of the lease will be followed. They are required to submit a lease guarantor form that has been filled out and notarized. Each applicant who chooses this route must provide his or her own co-signer.

DOUBLE DEPOSIT
The normal security deposit is the same amount as one month's rent. The double deposit is simply twice that amount. It is still fully refundable depending on damages. If the applicants decide to provide a double deposit instead of co-signers, it will cover all applicants.

WHY DO I NEED A CO-SIGNER OR DOUBLE DEPOSIT?
There are a few common scenarios that will always require an applicant to provide one or the other.

Lack of rental history or limited rental history

Inadequate income or inability to prove adequate income

Negative credit history or lack of credit

As an applicant, you have the option to choose which direction you'd like to go: co-signer or double deposit.  Either way, we will need it to be submitted to us before we can hand over keys.

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