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Find out moreTheGuarantors provides renters with a rental lease guarantee that offers the same security as a lease prepayment for landlords. The company offers prospective renters lease guarantee in exchange for a fee, so they can qualify for the apartment of their interest.
It aims to help renters qualify for leases they want, and to help landlords and brokers sign leases and fill vacancies in a secure way. Its lease guarantee bond is backed by Hanover Insurance group, an A-rated insurance company.
In August 2018, the startup announce an exclusive partnership with real estate brokerage Bold New York to simplify the renting process for their clientele. Then, in 2019, the company picked up $15m in Series B funding to fuel their expansion into commercial real estate.
In 2019, it announced the launch of Securiti, which replaces traditional security deposits with a surety bond.
TheGuarantors have provided $300m+ in rent guarantees and replacement deposits in the last 12 months.
TheGuarantors was founded in 2014 by Julien Bonneville. It is headquartered in New York, United States.
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