The contract between a tenant and landlord, whether based on a written lease or a handshake, is one of the most common and important deals. In a nutshell, you need a guarantor to promise that there will be no problems with rent payment.This booklet explains many of these laws you need to know and provides resources where you can find more information about landlord and tenant issues. Ensure the landlord knows that you can pay rent. It's crucial that you give the landlord the guarantee that you can pay on time, every time. This program funds residents in existing rental units. A guarantor is a person who also signs the lease as a third party, but they aren't entitled to live on or have access to the unit. A leaseholder who wish to assign their lease to another person or entity must complete the lease assignment application.