Check out the FAQ for Parents:
Do you have some concerns about the process of renting an apartment for your student while they're at college? We are here to put your mind at ease! Bridge Property Management (BPM) and Onnix are here to help you understand the process and make the transition as stress-free as possible.
Whether you have questions about the application or approval process, what to look for in a first apartment, how to compare communities or any others concerns, our leasing professionals are here to answer all your questions.
Click here for a PDF with frequently asked questions by parents.
Click here for a text version of the same document with frequently asked questions by parents.
What is a Guarantor?
A Rent Guarantor is the legal term for an apartment co-signer or a person that agrees to be legally responsible for the apartment, its condition, and the money owed for rent.
Landlords want responsible renters, however, often due to little to no rental history or lack of experience, it can be hard to justify that they will be good renters. By having a guarantor sign the apartment lease agreement stating that they are legally and financially responsible for the apartment. That way, if the renter is unable to pay, the landlord can legally collect money from the guarantor.
Most co-signer agreements result from a young adult moving for the first time into an apartment. Because they often do not have credit or rental history, it's difficult for a landlord to know what they can trust, so guardians tend to be the ones that sign the lease.
Our leasing professionals are here to answer any questions you may have.