Insurent Lease Guaranty Helps More International Students Than Ever to Get the NYC Apartment They Want in Tough Rental Market

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The Insurent® Lease Guaranty Program was created to assist landlords, condo/co-op owners, renters and brokers in closing residential leases. Insurent allows thousands of leases to quickly and easily close to the benefit of all parties.

Insurent makes it so much easier for international students to rent their NYC apartment. Without us they waste unnecessary amounts of time and suffer from understandable frustration and anxiety.

The 2012 NYC rental season will be the most difficult and competitive in the last five years says NYC guarantor service Insurent Lease Guaranty. The rental market in New York is on fire with rental prices at all time highs, turnover and vacancies at low levels leaving fewer apartments for the increased number of people who prefer to rent rather than buy, even at high prices.

Then, how do foreign students get an apartment with no credit or income, little money, and parents who live in Asia, Europe, or South America who are not acceptable guarantors in the eyes of the landlord?

International students in New York City are now able to easily qualify for and secure the apartment they want. As a foreigner, they do not have US credit which is critical for landlords, and as students they do not work, and usually have very little money in their own name. No credit, no job, and not much money in the bank makes it exceedingly difficult to rent for international students. In the past, their only way to secure an apartment was to prepay the full year’s rent or to put up six months or more security.

Moreover, many rental buildings in Manhattan are not legally permitted to accept prepaid rent or extra security, so this is not an option in most cases even if the student had the resources to do so.

Many international students are now able to close on their apartment in less than 24 hours through the Insurent Lease Guaranty Program. The Insurent Lease Guaranty guarantees the lease and enables the landlord to accept the international student renter with no financial risk.

Charles Schoenau, Managing Director of Insurent, explains, “We have guaranteed hundreds of foreign students in the last year and the numbers continue to increase rapidly. We make it so much easier for the international students who may look for weeks unsuccessfully without us and waste unnecessary amounts of time and suffer from understandable frustration and anxiety. We want to get the word out how easy and fast it is to get it done with Insurent.”

All that is required of the student is a copy of their passport and visa, a copy of their parent’s passport and evidence that the parent’s annual income in their home country is a minimum of 50x the times the monthly rent or that the parent(s) have cash or marketable securities in their home country equal to a minimum of 80x the monthly rent.

By using Insurent, the student and their parents know that they can get the apartment that they want in short order.


The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, and brokers and relocation specialists by offering the first institutional guarantor of residential leases. The Insurent Lease Guaranty Program has been featured in the New York Times, The Real Deal, The New York Real Estate Journal, Real Estate Weekly and Multi-Housing News.

The Insurent Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A. M. Best. Instead of looking for an individual guarantor or co-signer, or having to pay a significantly larger security deposit or prepaid rent, a renter may utilize the Insurent Lease Guaranty to satisfy the landlord’s financial and credit requirements.

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Charles Schoenau
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