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Guarantor request by LL for student accomodation
Comments
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They certainly decide which policy to take. Anyway, the insurance companies are totally untrustworthy as they prove time and again. They have spawned a whole industry devoted to suing them. What other industry can boast that?
Try finding a policy for a student let without a guarantor clause, you'll be looking until a new company starts offering such a policy.
I'm fairly certain insurance companies haven't created industry to sue themselves. People don't typically sue themselves or their own company, but if you have a link to show this I would be very interested.
Have you read the tenancy agreement yet?0 -
steampowered wrote: »It is completely normal practice for guarantees to be entered into on an unlimited liability basis.
PPI miss-selling was completely normal practice, pension miss-selling was completely normal practice, endowment miss-selling was completely normal practice. All these dodgy practices were normal, didn't make them right though and billions have been paid out in compensation.0 -
Spawned an industry, not created it. There is a difference. Just put ppi miss selling into google you will find hundreds of companies whose sole raison d'etre is suing the insurance companies and banks.Try finding a policy for a student let without a guarantor clause, you'll be looking until a new company starts offering such a policy.
I'm fairly certain insurance companies haven't created industry to sue themselves. People don't typically sue themselves or their own company, but if you have a link to show this I would be very interested.
Have you read the tenancy agreement yet?
Why would I try and find an insurance policy like that? It's none of my concern.0 -
Spawned an industry, not created it. There is a difference. Just put ppi miss selling into google you will find hundreds of companies whose sole raison d'etre is suing the insurance companies and banks.
Why would I try and find an insurance policy like that? It's none of my concern.
To spawn is to create or make something new.
It is your concern, as it would show you that a student landlords insurance company requires the tenants to have guarantors, otherwise the police is void.0 -
Why aren't you pursuing the insurance companies who make landlords of student lets have guarantors?They don't, it is a decision of the landlord.So you think landlords decide the clauses in landlord insurance policies?
Is it groundhog day? I'm sure this very discussion was made yesterday.0 -
Have you read the tenancy agreement yet?
Not yet but it's been 2 days.
17/08/16 10:20Contract? No, I haven't seen it, I'll ask him to dig it out today.No I haven't. I discovered today that none of them has even been to look at this house. I rather admire their nonchalance. Apparently the pictures looked OK and they had better things to do so they signed up which is fair enough, certainly no excuse for all these threats and warnings and demands.
From post 196, as I asked also.0 -
If a 19 year old with no assets takes it on, good luck chasing him.
Surely that is the point. It you are letting a house to anyone you want someone to chase. Having a 19yo with no assets is difficult to chase. Having a home owner with a reasonable job is easier because they cannot disappear without planning.
If you let a house to a group of people you need some guarantee that they will "collectively" take responsibility for their actions.I appreciate your concerns about unlimited guarantees but you do need to consider what the impact would be if the worst happened. Not just a total loss of the house but the loss of rent. A landlord can be expected to insure against damage by persons who have a proven track record of responsible renting. But if you have a group of 19 year olds why should you take the risk if their parents are not prepared to do so?Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
No I haven't. I discovered today that none of them has even been to look at this house. I rather admire their nonchalance. Apparently the pictures looked OK and they had better things to do so they signed up which is fair enough, certainly no excuse for all these threats and warnings and demands.
Are they interested in buying my car? It looks really great in the picture.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
No I haven't. I discovered today that none of them has even been to look at this house. I rather admire their nonchalance. Apparently the pictures looked OK and they had better things to do so they signed up which is fair enough, certainly no excuse for all these threats and warnings and demands.
If they couldn't be bothered to even view the house, then I highly suspect the agency did in fact tell your Son and your Son either did not listen or as above not care.0
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