Most management companies will require guarantor to produce an annual income of approximately 80-90x the monthly rent of the apartment. 1. Welcome to the online application for Franklin 299.All applicants must show Government Issued ID as proof of identity and provide current proof of income in order to complete application process. A guarantor is a person or a company who will co-sign on your lease in case you do not qualify to rent an apartment in New York on your own. Guarantors are usually required when a prospective tenant has bad or no credit, no rental history, or income too low to qualify. Learn more about New York rental applications and download our free PDF form. Screen prospective tenants with Avail landlord software. A completed rental application is NOT a guarantee of acceptance as a tenant. APPLICANT(S): Each applicant must be at least 18 years of age and qualified to execute a legally binding lease agreement. Please read and sign the Resident Screening Guidelines prior to completing application.