Online guarantor: how to find a rental quickly

Looking for a rental? Are landlords or estate agents asking you for a guarantor, or even refusing your application if you don't qualify for unpaid rent insurance? How can you find accommodation quickly? The solution: use an online guarantor. Here's how.

The importance of a guarantor in finding a rental

The importance of having a guarantor when looking for a rental cannot be underestimated. The guarantor, often a close relative, undertakes to pay the rent in the event of non-payment by the tenant, thus offering a guarantee to the landlord. This joint and several guarantee assures the landlord that the rent will be paid on a regular basis, thus reinforcing confidence in the choice of tenant.

The landlord can be sure that unpaid rent will be covered. Ultimately, the guarantor plays a crucial role in facilitating the rental process, reducing the financial risks for the landlord and contributing to the signing of a lease in complete confidence. This act of surety is an essential element in guaranteeing a solid and reliable tenant-landlord relationship.

What is a physical guarantor for a rental?

Of course, landlords and real estate agencies require a guarantor to rent an apartment, regardless of your income. As a general rule, landlords opt for unpaid rent insurance (GLI) to protect themselves against the risk of unpaid rent.

However, GLIs have very strict eligibility criteria, which exclude some tenants. In particular, temporary workers, employees on fixed-term contracts, expatriates, students... or simply people whose income exceeds the GLI effort rate, which is often around 33%. Indeed, it' s common to say that you need to earn at least three times the rent.

If you are not eligible for the GLI, the landlord may ask you to provide a physical guarantor. In other words, you need to ask someone to stand surety for you, usually a friend, family member or even your employer. There are no precise criteria, as long as the guarantor is solvent and resident in France.

However, the guarantor's file is examined with the same care as yours. It's not uncommon for a landlord or agency to ask that your guarantor's income be at least 4 times the rent. This is because the landlord needs to be sure that the guarantor will have sufficient financial capacity to take over in the event of unpaid rent.

A physical guarantor cannot be combined with unpaid rent insurance, except for students and apprentices.

When you apply, you'll need to put together two files, one for you and one for the guarantor. The list of documents to be provided to the landlord is set out in Decree no. 2015-1437 of November 5, 2015.

Once your application has been accepted, the guarantor must also sign the lease and complete a deed of guarantee. He then becomes a joint and several guarantor. In other words, in the event of unpaid rent, you and your guarantor are sued simultaneously.

So what do you do if you're not eligible for a classic GLI and you don't have a physical guarantor? The solution to finding accommodation quickly is simple: you can use an online guarantor.

The alternative: find a guarantor online

You can find a guarantor in less than 24 hours with an online guarantor.

In fact, using an online guarantor like Garantme means that, as a tenant, you can be sure of finding a rental quickly.

In concrete terms, Garantme acts as your guarantor in return for payment of a fee of 4.5% of the annual rent, including charges. Payment is made only when the lease is signed, and the guarantee is renewed each year.

Using an online guarantor offers a number of advantages:

• An online guarantor is more reassuring for the landlord than a physical guarantor who may become insolvent or simply refuse to pay.
• Extended eligibility, unlike traditional GLI.
• Free of charge for the landlord, giving you a powerful argument when submitting your application.
• You'll receive a certificate of eligibility within 24 hours, valid throughout France, so you can prove to a landlord or agency that you have a guarantor.

The online guarantor makes your rental search easier, since it guarantees the landlord that he'll be compensated in the event of unpaid rent. Garantme highlights the seriousness of your file and assures the landlord that you are solvent.

A more effective solution than a physical guarantor, and free of charge for the landlord. These strong arguments are sure to help you find accommodation quickly.