Landlords’ requirements in the New York City metropolitan area are very difficult for many renters to meet. Landlords typically require that an applicant’s annual income be 40 to 50 times the monthly rent, and that the applicant has good credit. For applicants whose annual income or lack of U.S. based credit history does not meet these financial tests, the Insurent® Lease Guaranty can offer an easy solution to quickly get the apartment you want. Prospective renters needing the Insurent® Guaranty include graduating college students and professional school students entering the workforce; creditworthy employed non-U.S. residents; self-employed persons; relocating persons; non-employed U.S. and non U.S. persons with significant cash liquid assets, retired creditworthy individuals, U.S. students with Responsible Parties, and international students with Responsible Parties.
The Insurent® Program is simple. Assuming you pass the Insurent® Lease Guaranty qualification process, your landlord will receive a guaranty on your one year lease. For a fee that represents a small percentage of your total annual rent, you can satisfy the landlord’s financial and credit requirements while eliminating the hassle of finding an acceptable co-signer or guarantor or putting up significant additional security. See Tenant Participation Agreement for details.