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!

Tenants/rent guarantor

mandm65
mandm65 Posts: 556 Forumite
in House buying, renting & selling
I have been presented with the following scenario:
Daughter would like to rent, single parent on HB.
Parents (flat owner) offered to be rent guarantor.
Parents (both retired) would like to live with DD so have requested to be named on the AST.
Would anyone foresee complication with above arrangements?
Appreciate your input.
cheers
«13

Comments

  • sammyjammy
    sammyjammy Posts: 7,993 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Your post doesn't make much sense.

    Do parents own flat daughter wants to rent?
    Does daughter want parents to live with her?
    If property owned by someone else then daughter would only be liable for half (third?) of the rent and therefore only entitled to HB on that.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • FBaby
    FBaby Posts: 18,374 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Indeed, very confusing. If they are moving in too and are named on the ast, they wouldn't be guarantors, they would be the tenants themselves.
  • mandm65
    mandm65 Posts: 556 Forumite
    Thanks for your response.
    sammyjammy wrote: »
    Do parents own flat daughter wants to rent?

    NO, they are owner of another flat
    sammyjammy wrote: »
    Does daughter want parents to live with her?
    Parents wants to live with DD in the rented house
  • mandm65
    mandm65 Posts: 556 Forumite
    FBaby wrote: »
    Indeed, very confusing. If they are moving in too and are named on the ast, they wouldn't be guarantors, they would be the tenants themselves.

    They would like be rent guarantor for DD but am not sure if they can be guarantor and tenant at the same time?
  • FBaby
    FBaby Posts: 18,374 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    So why did they offer to be rent guarantor? Do you mean that she has a very bad credit score, but wants to be named on the ast and therefore, in addition to guaranteeing their rent, they are guaranteeing hers?

    I thought that if there was only one ast with all three named, then they are all responsible for the rent and who pays it is not the LL's business as long as it is paid in full. They are all guarantors for eachother by default?
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    mandm65 wrote: »
    Parents wants to live with DD in the rented house

    Yes but does DD want to live with her parents?
    mandm65 wrote: »
    They would like be rent guarantor for DD but am not sure if they can be guarantor and tenant at the same time?

    They can't simultaneously be the guarantor and the tenant. It's one or the other. All of them being named on the tenancy agreement as joint tenants will mean that each of them has joint and several liability for the whole rent, there will be no such thing as "DD's share" and "the parents' share" but the parents living with DD will impact DD's HB claim.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    mandm65 wrote: »
    I have been presented with the following scenario:
    Which role do you play in this saga?
  • mandm65
    mandm65 Posts: 556 Forumite
    davidmcn wrote: »
    Which role do you play in this saga?

    Adviser/Consultant :rotfl:
    Seriuously i was asked for help and was not sure if the duel role could cause any problem.
  • Rain_Shadow
    Rain_Shadow Posts: 1,798 Forumite
    mandm65 wrote: »
    Adviser/Consultant :rotfl:
    Seriuously i was asked for help and was not sure if the duel role could cause any problem.


    :rotfl: Maybe, depending on their aim.


    There is no dual role. Everyone's role appears to be 'tenant'.
    You can pick your friends and you can pick your nose but you can't pick your friend's nose.
  • mandm65
    mandm65 Posts: 556 Forumite
    Rain_Shadow wrote: »
    There is no dual role. Everyone's role appears to be 'tenant'.

    So i guess the conclusion is that even if the parents do sign the rent guarantor form, its becomes worthless!

    Cheers
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
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K 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.
Update Your Picture