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What eligibility requirements must a guarantor meet?

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What eligibility requirements must a guarantor meet?

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For non-Japanese tenants, a guarantor must be a Japanese citizen and resident. This is for two reasons. Firstly, it is easier to evaluate somebody who livesCworks, and has a record in Japan. Secondly, should the responsibility of making the payments fall upon the guarantor, owners know it will be easier to contact a Japanese resident rather than crossing borders to track someone down. For Japanese tenants, most properties require a guarantor to be a parent, sibling, or other relative. By specifying a friendCco-worker, or employer, you may risk being denied during the evaluation process. Also, keep in mind that the guarantor is responsible for making payments in the case that the tenant fails to do so. Their financial stability will be thoroughly evaluated as well.

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