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Guarantor - Read and understand before you sign, and dont be hassled by anyone

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Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    granthar wrote: »
    No where else would there be a contract in law where there is no effective end date and no limit to liability. Unless anyone wants to give me an example where this is the case.

    Someone who acts as a guarantor for an Amigo loan.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    granthar wrote: »
    No where else would there be a contract in law where there is no effective end date and no limit to liability. Unless anyone wants to give me an example where this is the case.
    No good looking in contract law. Guarantees are not contracts (there is no Consideration), they are Deeds.

    And there are no end of deeds which have no end date. Look at the agreements relating to property eg those that prohibit selling alcohol, keeping rabbits, or leaving a caravan n the driveway. No end dates.
  • parkrunner
    parkrunner Posts: 2,610 Forumite
    Eighth Anniversary 1,000 Posts
    granthar wrote: »
    No where else would there be a contract in law where there is no effective end date and no limit to liability. Unless anyone wants to give me an example where this is the case.

    Completely irrelevant. Don't sign things if you don't know what they mean.
    It's nothing , not nothink.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    parkrunner wrote: »
    Don't sign things if you don't know what they mean.
    or if you DO know what they mean but don't like what they mean!
  • granthar
    granthar Posts: 41 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Or if the letting agency says the liability ends when the tenant leaves the property..... which it doesn't if they leave in a box!
  • aneary
    aneary Posts: 921 Forumite
    granthar wrote: »
    Or if the letting agency says the liability ends when the tenant leaves the property..... which it doesn't if they leave in a box!

    What has your MIL done you really seem to hate her.
  • granthar
    granthar Posts: 41 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    My wife and I are getting divorced and she said if I don't agree to her terms then the MIL will stop paying the rent. I thought not a problem as I made it clear to the letting agency that I would only do it for one year.
  • AylesburyDuck
    AylesburyDuck Posts: 939 Forumite
    Eighth Anniversary 500 Posts
    Title should read,
    Guarantor - Read and understand before you sign, and dont be hassled by anyone.
    ,
    Fully paid up member of the ignore button club.
    If it walks like a Duck, quacks like a Duck, it's a Duck.
  • granthar
    granthar Posts: 41 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    AylesburyDuck wrote: »
    Title should read,
    Guarantor - Read and understand before you sign, and dont be hassled by anyone.

    Good point, have changed the title
  • LEJC
    LEJC Posts: 9,618 Forumite
    You don't believe in long term commitment then do you....a Mother in Law is for life!
    frugal October...£41.82 of £40 food shopping spend for the 2 of us!

    2017 toiletries challenge 179 out 145 in ...£18.64 spend
This discussion has been closed.
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