Here are some common questions that we get often at Insurent and hope this helps new renters and users who want to use Insurent’s rental cosigner service for the upcoming rental season.
Insurent has proven in NYC how effective their guarantor service is to help renters who are students, don’t have a US credit score, are retired, are a new hire or simply don’t have “perfect” credit in helping them get their dream apartment. Now Insurent Lease Guaranty is finally moving into the Boston city area and Boston landlords, brokers and renters are thrilled about it!
If you are a Boston landlord, broker or renter and need more information please email cschoenau@insurent.com or contact us here.
What is the Insurent Lease Guaranty Program?
The Insurent Lease Guaranty Program is the first and only provider of institutional guarantees on residential leases. The Insurent Lease Guaranty Program fulfills the need for a guarantor/co-signer when a landlord requires that a tenant have a guarantor or requires significant additional security or prepaid rent by the tenant in order to obtain an apartment.
Can the Insurent Lease Guaranty Program assist me if I am an international or US student?
Yes. We qualify a foreign student or U.S. student based on their father (or mother or some relative overseas or here) being a Responsible Party solely on our Agreement. Their father (or some relative overseas or here) would not be a signatory on the apartment lease. The father (or mother or some relative overseas or here) will just need to have a minimum annual income of 50x the monthly rent in their home country or a minimum of cash assets/marketable securities held by them in their home country of 80x the monthly rent. We can also combine parents to meet the above tests. In the event that you fall in that circumstance, please email us at renter-app@insurent.com so we can guide you through the application process.
What are the requirements for parents being Responsible Parties to Insurent?
We qualify a foreign student or U.S. student or a renter whose annual income is less than 27.5x the monthly rent based on their father (or mother or some relative overseas or here) being a Responsible Party solely on our Agreement. Their father (or some relative overseas or here) would not be a signatory on the apartment lease. The father (or mother or some relative overseas or here) will just need to have a minimum annual income of 50x the monthly rent in their home country or a minimum of cash assets/marketable securities held by them in their home country of 80x the monthly rent. We can also combine parents to meet the above tests.