We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Agreement of Guarantee - Help!

13»

Comments

  • silk_2
    silk_2 Posts: 215 Forumite
    Tenth Anniversary 100 Posts
    I suggest you never sign anything ever again.

    I signed the form because I was helping my partner's mother secure a home. I felt I was doing the right thing. But please, do mock me for not knowing how to get legal advice. It's great and super friendly! Did you miss the part where I already called myself an idiot? Do you really have to press the point further?

    I guess the newbie badge really has no affect, people just love to be gits on the internet.

    My expertise is in computers, not law. Funilly enough I don't go around calling my users muppets for pressing the wrong buttons or not knowing how to reinstall windows.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    silk wrote: »
    I signed the form because I was helping my partner's mother secure a home. I felt I was doing the right thing. But please, do mock me for not knowing how to get legal advice. It's great and super friendly! Did you miss the part where I already called myself an idiot? Do you really have to press the point further?

    I guess the newbie badge really has no affect, people just love to be gits on the internet.

    My expertise is in computers, not law. Funilly enough I don't go around calling my users muppets for pressing the wrong buttons or not knowing how to reinstall windows.

    I feel bad now.
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    silk wrote: »
    My expertise is in computers, not law. Funilly enough I don't go around calling my users muppets for pressing the wrong buttons or not knowing how to reinstall windows.

    Really? Surely just once your refered to the problem as a "Chair keyboard interface issue"? Or maybe filled in a defect resolution summary as "PICNIC Issue"?
  • silk_2
    silk_2 Posts: 215 Forumite
    Tenth Anniversary 100 Posts
    RabbitMad wrote: »
    Really? Surely just once your refered to the problem as a "Chair keyboard interface issue"? Or maybe filled in a defect resolution summary as "PICNIC Issue"?

    Nah, tempted though. :)

    I don't do support these days anyhow, more of a pure developer.
  • Assuming the guarantee is enforceable, does this mean the OP has this millstone round their neck until such time as the tenant chooses to end their tenancy? Is there no other way (assuming no agreement from the landlord) to end OP's guarantor status (assuming OP doesn't go bankrupt)?
  • jjlandlord
    jjlandlord Posts: 5,099 Forumite
    Assuming the guarantee is enforceable, does this mean the OP has this millstone round their neck until such time as the tenant chooses to end their tenancy? Is there no other way (assuming no agreement from the landlord) to end OP's guarantor status (assuming OP doesn't go bankrupt)?

    OP would be liable for as long as tenant remains since that is exactly what he agreed to.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Assuming the guarantee is enforceable, does this mean the OP has this millstone round their neck until such time as the tenant chooses to end their tenancy? Is there no other way (assuming no agreement from the landlord) to end OP's guarantor status (assuming OP doesn't go bankrupt)?
    The tenant was for some reason a bad 'risk' so the landlord did not want to take the risk of giving him a multi thousand pound property.

    Perhaps the tenant has a history of county court judgements? or bankrupptcy? or an income income too low to justify commiting to the rent? or....or....

    So you came along and said "Don't worry landlord - I know this tenant is a risk, but give him your multi-thousand pound property and I'll guarantee to make good any loss if he lets you down.

    Now, the landlord would be stupid to say "OK for the beginning of his occupation only", so he says "OK, as long as you'll cover any losses as long as the dubious tenant is occupying my multi-thousand pound property".

    Oops: deja vue! Post 6.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.