Are you in Paris and looking for an apartment or flat share? Did you know that, in some cases, you can use a foreign guarantor for furnished rental in Paris? In this article Lodgis explains how:
What is the role of the guarantor?
Essentially, the guarantor (usually a parent, friend or relative) is a person who agrees to be responsible for the tenant’s debt if he or she fails to pay the rent.
If you are currently in permanent employment, not undergoing a trial period and earning at least 3 times the monthly rent (net salary), you will not need a guarantor to rent an apartment in Paris.
How to use a guarantor?
When you create your customer file, you can request a guarantor if you do not meet the financial requirements to rent an apartment.
The guarantor must have a monthly income at least 4 times larger than the rent of the tenant.
If you are planning a flatshare, the collective income of all the guarantors must correspond to 4 times the total monthly rent.
The guarantor must submit one of the following documents for the tenant’s customer file:
- Three most recent payslips or:
- A certificate of employment (which states your monthly income)
Bank statements are NOT accepted as proof of guarantee
With Lodgis, whatever your profile (student, professional, retired), you can use a foreign guarantor to complete your customer file.
Lodgis Tip: Make sure you translate the guarantee documents into French or English if they are not in one of the following languages: French, English, Spanish, Italian, German, Portuguese, Russian or Japanese.
If your circumstances are different (you are a foreign guarantor, an entrepreneur or self-employed), feel free to contact one of our advisers who will help you complete your customer file.
For more information, we recommend taking at look at our article: Renting an apartment in Paris : the deposit vs the security deposit