Must the guarantor be the owner of the guarantee provided?

The guarantee provided by the guarantor is not necessarily the owner, but also the collateral that can be disposed of or mortgaged according to law.

According to the provisions of the Guarantee Law of People's Republic of China (PRC),

Article 34 The following properties may be mortgaged:

(1) Houses and other things fixed on the ground owned by the mortgagor;

(2) Machines, means of transport and other property owned by the mortgagor;

(three) the right to use state-owned land, houses and other fixed objects on the ground that the mortgagor has the right to dispose of according to law;

(4) State-owned machinery, vehicles and other property that the mortgagor has the right to dispose of according to law;

(five) the land use right of barren hills, gullies, hills and beaches contracted by the mortgagor according to law and mortgaged with the consent of the employer;

(six) other property that can be mortgaged according to law.

The mortgagor may mortgage the property listed in the preceding paragraph together.