Guarantors and security deposits: how they work
Personal guarantors, public schemes or private guarantees: which option suits your situation?
What is a guarantor?
A guarantor agrees to pay the rent if the tenant can no longer do so. Most landlords ask for this protection, especially for students without a rental history.
Three main options
- Personal guarantor : a relative or someone close to you with sufficient, stable income.
- Public guarantee : in France, the Visale scheme (Action Logement) provides a free guarantee for many students.
- Private guarantee : companies act as guarantors in return for a fee.
The security deposit
Separate from a guarantor, the security deposit covers possible damage. In France, its amount is regulated by law (generally one month's rent excluding service charges for an unfurnished property). Ask for a detailed, dated inventory when you move in.