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The apartment required a guarantor.
But Ms. Choi's income was too low, so the building required a guarantor in the tristate area.
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The bank requires a guarantor, almost impossible for a private businessman to find in China.
In cases where there were significant variations in income, a landlord might require a guarantor before agreeing a let.
Brokers at the Real Estate Group New York have noticed that landlords in smaller buildings in particular are requiring a guarantor or more money upfront, either as prepaid rent or a bigger security deposit, said Andrew Barrocas, the company's chief executive.
Where borrowing from the bank is considered shameful and often requires a guarantor, sarakin loans can be as little as $100, borrowers need identification but not collateral, and transactions at kiosks akin to ATM machines take just a few minutes.
According to Nationwide, of the 42 mortgages currently available to home movers with a 5% deposit to put down (who are not buying through the government's New Buy scheme), 39 are available only to those living in certain areas or require a guarantor, limiting some borrowers to a choice of just three.
According to MoneyFacts there are currently six lenders in the UK that are offering no deposit mortgages, and they all require a guarantor to secure the mortgage.
The lender required a local guarantor with assets in China in order to make loans.
She chose to remain in her $1,700-a-month Upper East Side walk-up (whose landlord had required only a guarantor), an apartment she had found with the help of Ms. Schwimmer.
Rental agreements on legitimate apartments often require a French guarantor for foreigners, but many cannot find a native to fill this role.
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CEO of Professional Science Editing for Scientists @ prosciediting.com