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How to access real estate rental without guarantor?

The owners having embarked on rental investment may be worried about the risk of unpaid rent. This is why most of them require that the tenant has a guarantor at the time of signing the lease. It is important to note that this is not a legal obligation, but the practice is very common in fact.

The Visale guarantee, a real solution

Admittedly, landlords can take out unpaid rent guarantee insurance, but this does not exclude their desire to have this guarantor who can replace the tenant in the event of unpaid debts. The problem is that not everyone has someone in their entourage who can vouch for it. If this is the case, but you have substantial savings, you can opt for a bank guarantee. The principle is to block a sum, which generally corresponds to one year’s rent, in exchange for a certificate of deposit. A solution not accessible to all and which also entails management costs.

If you are looking for rental accommodation, but you do not have a guarantor, there are solutions. The main one is called Visale guarantee. This system is offered by the State through the Action Logement structure (formerly 1% housing). Concretely, it is Action Logement which will act as guarantor for the owner. This guarantee applies throughout the duration of the lease and even if it is renewed. If rents are not paid by the tenant, the landlord can be compensated for up to 36 months for normal rental stock, and nine months for social housing. Note that the sums concerned must then be reimbursed by the tenant to Action Logement. This Visale guarantee is offered to all persons under the age of 31. For people aged 31 or over, it is possible to access it if your salary is equal to or less than 1,500 euros per month or if you are undergoing a professional transfer.

Other solutions for renting without a guarantor

If you are not eligible for the Visale scheme, it may be possible to find help from your employer. Some private companies offer to subscribe to a reverse unpaid rent guarantee, that is to say in the name of the tenant and not the owner. This service is obviously chargeable and generally costs between 250 and 300 euros annually. Students can benefit from a specific system called Key, for student rental deposit. In exchange, students must pay a contribution representing 1.5% of the rent. Note also the Solibail scheme, created in 2007 in Paris and now extended to the whole of France, this being intended for the most precarious people. Finally, be aware that if you occasionally have difficulty paying your rent, it is sometimes possible to request a temporary suspension of rent directly from your landlord.

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(By the editorial staff of the hREF agency)

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