Rent guarantor

G_M

Rosemary7391 wrote: »

A thought. Would it be reasonable for the guarantor to offer to pay but only once the final total is known, ie tenant evicted and costs added on? That would keep an incentive for the LL to evict (so they get their money) but doesn't expose the guarantor to endless liability? I don't know how that would go down in court though!

He can offer.

I doubt the LL would accept. The LL has the option of

* guarantor paying rent arrears at some indeterninate time in the future, perhaps after time-consuming legal action and/or eviction proceedings, or

* forcing the guarantor (an/or tenant) to pay arrears immediately

Which would you choose.....?

Rosemary7391

G_M wrote: »

He can offer.

I doubt the LL would accept. The LL has the option of

* guarantor paying rent arrears at some indeterninate time in the future, perhaps after time-consuming legal action and/or eviction proceedings, or

* forcing the guarantor (an/or tenant) to pay arrears immediately

Which would you choose.....?

I guess. I'm never going to sign up to an open ended guarantor agreement! If I want to offer to pay someone's rent, I'll just pay it or insist that it's written into the agreement that the tenancy must be ended before I pay anything (obv anything includes eviction costs). I assume that can be done if agreed up front?

It does sit poorly with me that a tenant and landlord might expect a third party to pay up indefinitely even if the agreement is worded such that it's possible. I'd definitely try and come to an agreement with the landlord that encourages the ending of the tenancy, if the tenant is unwilling to rectify the situation.

Guest101

Rosemary7391 wrote: »

I guess. I'm never going to sign up to an open ended guarantor agreement! If I want to offer to pay someone's rent, I'll just pay it or insist that it's written into the agreement that the tenancy must be ended before I pay anything (obv anything includes eviction costs). I assume that can be done if agreed up front? - why would a ll accept that?

It does sit poorly with me that a tenant and landlord might expect a third party to pay up indefinitely even if the agreement is worded such that it's possible. I'd definitely try and come to an agreement with the landlord that encourages the ending of the tenancy, if the tenant is unwilling to rectify the situation.

because the tenant and guarantor are supposed to trust one another.

ScorpiondeRooftrouser

Rosemary7391 wrote: »

I guess. I'm never going to sign up to an open ended guarantor agreement! If I want to offer to pay someone's rent, I'll just pay it or insist that it's written into the agreement that the tenancy must be ended before I pay anything (obv anything includes eviction costs). I assume that can be done if agreed up front?

It does sit poorly with me that a tenant and landlord might expect a third party to pay up indefinitely even if the agreement is worded such that it's possible. I'd definitely try and come to an agreement with the landlord that encourages the ending of the tenancy, if the tenant is unwilling to rectify the situation.

What you say you would offer simply isn't what people are looking for when they seek a guarantor. By all means stick to your guns and refuse to be one, it is eminently sensible, but don't be under the impression that offering this instead would ever be of any use.

Marvel1

suzy5546 wrote: »

My husband acted as a guarantor for his daughter's rent.


Last night the agent emailed him and said she hasn't paid for 3 months :-(. He will have to pay , but what actually happens next , will there be a ccj against him , is his credit rating effected or will it be a black mark against her credit rating though he will pay the debt ?
TIA

Quoting for reference in case this disappears, can be very helpful to future people asking if they would be one for their children and others saying you should as it's your child. Like one recently with regards to uni.