Jennifer Lawson
Jennifer Lawson

(edited) 🇨🇴 Bogotá, Colombia

Got asked for codeudor (cosigner) — what worked for me as a foreigner

Landlords here often ask for a Colombian codeudor (cosigner). As a foreigner, you usually don't have one. What worked for me in Chapinero: paying 4 months upfront in exchange for waiving codeudor. Some landlords also accept a póliza de arrendamiento (rental insurance, costs about 5% of annual rent).

Did NOT work: offering a US-based cosigner. Don't even try.


4 upvotes 104 views
Comments (2)
María Camila Restrepo
María Camila Restrepo
The póliza option is becoming more common. Most agencies in Bogotá now accept it.
Sophie Leblanc
Sophie Leblanc
The 4-months-upfront option is great to know about, thank you.