What are the typical landlord requirements for a guarantor when applying for a rental apartment?

Requirements for guarantors can vary among management companies / landlords, but most will require a certain level of income, good credit, proof of substantial assets and potentially holding residence in specific locations.  In addition, guarantors are responsible for the same or similar documents and paperwork as the prospective tenant applicants.

Income & Credit
The primary requirements for a guarantor involve a substantial level of income and solid credit history.  A guarantor’s annual income must typically be at least 80-90x monthly rent.  Credit should have no or minimal issues (a 700+ score is usually considered positive).

Assets / Home
Additional proof of assets, such as bank or investment account statements, ownership of one’s home or other documents supporting the financial adequateness of a guarantor can always help with the approval process.  These items are generally secondary to income and credit requirements, but can help in the case that a guarantor is retired or has a negative mark on his / her credit report.

Location
Many mgmt cos / landlords require guarantors to hold a domestic (U.S.) residence.  Some will require guarantors to live in the tri-state area (New York, New Jersey or Connecticut) or specifically in NY State.

Paperwork
Standard paperwork requirements for prospective tenant applicants generally are similar for guarantors.  These may be different for each mgmt co / landlord, but can include the application, letter of employment, bank statements, tax returns and other proof of income / assets.