How to find a guarantor in France ?

A guarantor is a third party, such as a parent or close relative. He will be the one to pay your rent if you can not do it. In France, a guarantor is required to rent an apartment.

Finding a guarantor to rent an accommodation when you are a student, can be a challenge.

We are going to introduce you the requirements needed to have a guarantor in France and others options that exist now if you don’t have one, for you to find the solution that fits you best.

1. The traditional guarantor in France

The first option is to have a “traditional” guarantor which in the case of renting an apartment in France is a French guarantor. A guarantor allows you to pay your apartment monthly with just one month deposit. In some cases, like with the student residence Estudines, International guarantors are also accepted.

In France, your guarantor needs to meet certain criteria:

  • Agencies accept a guarantor who earn 4 times one month’s rent each month
  • If your guarantor doesn’t earn enough, you can have a second one and they both need to earn at least around €2000/months

If you don’t have a guarantor you will have to pay your rents in advance in most cases, sometimes 3 to 6 months’ rents in advance, every 6 months and in other cases the whole stay!

However, other solutions exist now to help you rent a student accommodation and find a guarantor.

2. Garantme

GarantMe act as your guarantor during your stay in France. To check if your are eligible and can subscribe to their service, you have to compiled their file online, they analyse it in 24 hours, certify the documents and issue a deposit that will protect the lessor’s income, up to 36 000 €, for the duration of the lease and its renewals

Finding an apartment with Garantme is simple because they work with real estate professionals that trust them:

  • Student residences: 15 networks including 3 market leaders, CROUS, Nexity Studéa and Les Estudines
  • Real estate agencies: 300 branches and now two large networks Foncia and Orpi
  • Research platforms: Adele, Immojeune, Location-Student, Loc-Services now use Garantme

Who is your guarantor?

A strong insurance company well-known by landlords : GALIAN . Rents, charges and occupance allowances are guaranteed for the duration of the lease and its renewals up to € 36,000 by GALIAN.

How does it work?

  • To be eligible, you need to have enough revenues or financial resources to pay your rent or find a sponsor who has enough revenues or financial resources. Resources can be abroad and they can be savings.
  • You pay 3.5% of your rent for the rental period as the Garantme fee

Ex : for a rent of 500 € and a term lease of 12 months
The annual price is 500 * 12* 3,5%= 210 € (17,5€ per month)

More information available on https://www.garantme.fr/

 

3. Garantie Visale

Garantie Visale is a 100% free solution that will open doors for you.
VISALE is a deposit given by Action Logement to the tenant who pays the rent and the rental charges of the principal residence in case of payment default.

To benefit from it, you have to submit a visa application. Then, the renter accept the demand, you have the guarantee that you will not have to pay any other deposit.

It’s reassuring for the owner with Visale, the owner is secure to perceive his rental incomes during the length of the rent.
You can access your situation at any time, your personal data and documents are available on your personal account.

 

How does it work?

  • You have to be between 18 to 30 years old, no matter your financial situation
  • The rental price should not exceed 1300€ in France (excluded Paris) and 1500€ for Paris
  • It should not be covered by other guarantees (personal guarantee or insurance), not concluded between members of the same family and in case of colocation, it should be individualized for each roommate

The lease must be signed after obtaining the Visale guarantee contract (and before the end of the validity of the tenant’s visa).

More information available on https://www.visale.fr/

How to Apply for the CAF

CAF is rental assistance allocated to those that qualify by the government. CAF is a great resource for international students who need financial aid. If you are living in a studio apartment, you can earn as much as €200 euros a month. If you are living in a shared flat, you can earn as much as €180 a month. Read on to see if you qualify for CAF and how to apply.

The following are the requirements to be eligible for the CAF:

Low income 

As a student, you most likely have a low income, typically under €10,000 a year, and thus qualify. The CAF also takes full-time students into consideration. On the application, simply declare your total income for the last two years. If you are required to provide proof, your tax returns for the last two years from your home country should do the trick.

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Qualified housing

If you intend to apply for CAF and are looking at apartments, verify that the apartment qualifies for CAF before you sign the lease. First, it must be a year-long lease in your own name. You must have your landlord sign the application, which they might refuse to do due to possible tax scrutiny by CAF. If you are living in student housing, you will most likely qualify but you should confirm with the administration to be sure. Also, if you are living with roommates, make sure they also qualify for CAF when you apply, as that can impact your acceptance.

Have a valid student Visa with OFII 

You cannot receive CAF without these documents. If you do not have an OFII upon arrival in France, apply for one immediately. Check the platform to see if you have access to our OFII services. 

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Have a French bank account

The rental assistance will be paid to you directly or to your landlord. In the case of the first option, you will need a French bank account. 

 

If you wish to run a simulation of what your CAF will be, visit this website.

In order to apply for the CAF, simply go to their website and fill out the online application.  We recommend that you apply as soon as you secure accommodation. The CAF payments will begin the second month of your lease, so if it is possible to move in at the end of August and pay half rent, do so, as the payments will then begin in September instead of October. Do not be concerned if you do not receive payments right away. It often takes several weeks or even months for the application to go through, but you will still receive payments for the entirety of the year, sometimes in the form of a lump sum. 

If you are struggling with your application, Feel Parisien offers services that will help you complete the application, walking you through the process step by step until you have received your CAF. If you do not have access to our CAF services, reach out to your university about obtaining them. 

TIPS for CAF

You will collect the aid from the following month of the application of your lease. Of course you need to wait to move-in in your flat  to be able to apply.

If you move-in in Sept and apply during this month, the aid will start in Oct but if you move-in in Sept but apply only in Oct, your aid will start in Nov.

f your lease starts the 31st of August and you’re applying this day, your aid will starts the 1st of Sept.

If your lease starts the 1st of Sept and you are applying this month, your aid will start the 1st of October.

So when you ask for an accommodation contract, ask for it to start at the end of the month instead of the beginning, to not loose one month.

You won’t receive the aid until you apply for it on the Internet. That’s mean if your lease start in Sept but you wait until Oct to ask for it, you will be eligible to earn the aid from Oct. So even if you don’t have all the documents required, such as the birth certificate or its translation in French, we sugget you to apply for it before the month of Oct so you won’t lost one or several months of aid. You will be able to send your documents later by post or upload them online, and the date of your online application will considered as the begining of your aid.