How a traditional guarantor works
A traditional guarantor is a named individual, usually a family member, who signs a legal agreement making themselves personally liable for the tenant's rent. If the tenant does not pay, you as the landlord must pursue the guarantor directly. This can be slow, uncertain, and dependent on the guarantor's willingness and ability to pay.
How Rentmigo works instead
Rentmigo replaces the individual with a corporate guarantee. Rather than relying on a named person, your protection comes from a structured, underwritten product with a defined claims process.
Key differences
No reliance on an individual: you are not dependent on one person's financial position or cooperation
Defined claims process: claims are submitted through your Rentmigo dashboard and validated against clear terms
Rentmigo pays you directly: once a claim is approved, payment is made to you without you having to pursue anyone
Recovery is handled for you: Rentmigo manages all tenant recovery, including mediation and legal action if necessary
Structured underwriting: every guaranteed tenant has been assessed through identity verification, credit referencing, open banking, and fraud detection