Guarantors are required to have been employed for at least 4 (four) years and have an annual income of $35,000, plus be a resident in Canada. If a guarantor is retired or self-employed, a copy of their most recent notice of assessment from CRA is required.
When you sign a guarantor agreement with Towers Realty Group, you are promising to pay any and all amounts owing by the person you are a guarantor for, including outstanding rent, administrative charges, and damages. The Guarantor Agreement will continue with each subsequent lease renewal until cancelled.
