Asked to be guarantor

lookstraightahead

Pastures New - love your last paragraph

arkhan42

I also thought the guarantor clause was a bit unfair, there must be alot of young people out there who wouldn't be able to get a guarantor, I know for sure that my parents or anyone else I knew wouldn't have ever helped me out like that.

Comms69

Autumnella wrote: »

Does he have to pay a deposit? If not it would be a definite no from me. I have heard of landlords asking for a guarantor instead of a deposit, then when the tenant moves out making up rediculous charges for things that need paying for, which there is no way to dispute (unless it reaches court stage) as the DPS isn't there to arbitrate.

Huh? but the landlord would have to go to court to get the money....

Comms69

Just FYI if you don't see a copy of the tenancy agreement before or when you sign the guarantorship; it's automatically invalid anyway

InterestedParty2018

Difficult one.

Firstly, landlords often apply the "guarantor requirement" to a tenancy when there is a risk. As your son is 24 and in full time employment with a rental track record it is IMO unusual.

Secondly, only you know your son and how far you can trust him.

Please remember that you are not only guaranteeing the unpaid rent for the duration of the fixed term, but all associated costs should eviction be necessary (and I believe rent until successful eviction). Also the cost of any damages to the property caused by your son or his visitors.

Whilst I am confident that parents love their children and would trust them, signing to be a guarantor is a big commitment/liability.

Why dont you:

a) Suggest he seeks another property where the Landlord will not require a guarantor.
b) Suggest he offers 6 months rent in advance instead. (Some landlords may be swayed by this.)
c) Suggest he moves in with you until he can save for a lump sum towards an advance rent payment or maybe even a deposit for a purchase.

Margot123

Tell him to find a landlord who doesn't require a guarantor; there are still plenty about.

PippyLS

Comms69 wrote: »

Just FYI if you don't see a copy of the tenancy agreement before or when you sign the guarantorship; it's automatically invalid anyway

You have to have seen a copy of the tenancy agreement before you sign. If you sign without having seen one the guarantee is invalid. Maybe sign and if the worst case scenario argue they cannot hold you to it due to above :money::p

ThePants999

And on the subject of validity, if they don't make you execute it as a deed, it's also invalid.

zebulon

arkhan42 wrote: »

He is working and is 24.

Two 30-something professionals with combined salaries over 5x rent and we needed guarantor :mad:

nyermen

Pasturesnew's message comes from far too many sad stories we see here.

As said, only you can decide if you're willing to commit to this, but be absolutely sure of the facts. One thing - it was hinted at above - if he is with any other tenants, absolutely do not sign joint and several liability (and landlords normally demand this as well, which I think should be banned), or you're not only liable for your son's fun, but everyone else in the house as well.