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I need to get out of my guarantor contract.

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Comments

  • swingaloo
    swingaloo Posts: 3,553 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I wouldn't bank on the landlord being kind.

    My ex brother in law was a guarantor for another family member whilst he was married to my sister.

    He now lives in the other side of the world and has nothing to do with the family member. My sister has informed the landlord that the guarantor is no longer resident in this country but they will not budge as he still owns a property here.

    they have nothing to gain by removing his name, as long as he has the property they can come after him should the tenant default.

    The only was is for the tenant to find another person to guarantor.
  • jayss
    jayss Posts: 543 Forumite
    Part of the Furniture Combo Breaker
    If the tenant has paid the rent in full and on time for the full period, has continued to do so during the rolling contract, would releasing the guarantor from their obligation be that big a risk?
  • spacey2012
    spacey2012 Posts: 5,836 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A deed must be signed with all persons present together and a witness must sign to say they have seen both parties sign.
    I trust this is how it was signed and sealed.
    Be happy...;)
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