Sons student rental - disaster pending

Bowey123

When my son rented a student house there were 8 of them. All parents had to be guarantors.  One of the parents had a father who was a property solicitor and on his guarantor form he wrote “provided always that the amount guaranteed does not exceed 1/8th of the rental/damages to the property”. Something along those lines.  I did exactly the same and did the same when my daughter rented some years later.
Having said that I have just disposed of my only student property and I have never had a tenant’s parent write that on a guarantor form.  I am not sure what I would have done if they had.
I suppose if I had plenty of other guarantors who did not write that on their guarantor forms I would probably just let it slide thinking that there would have been other parents to get any money from.

Bowey123

Sorry I should have written “one of the tenants had a father who was a property solicitor”

[Deleted User]

dimbo61 said:

The NRLA now offer 2 Deed of Guarantor forms.
One is a LIMITED Deed of Guarantor  with the parent only responsible for his Son/ Daughter and one where they are liable for the whole  rent if None of the students or other Guarantors will pay.
It's a long drawn out  process involving courts and expensive legal counsel.
We don't ask for income checks or if the Guarantor owns a property.
One young man had his Uncle from Aleppo Syria as a Guarantor ( he paid his rent every month and was a brilliant tenant )
Just insure you do the checks about the property  and if they are paying the bills Don't use any company to assist until you have read the reviews

Ah I'll have to check which one this is

[Deleted User]

_Penny_Dreadful said:

lika_86 said:

Personally I'm not sure why the OP's son should be the one to leave (if anyone has to). Much better to try and stay with friends you are happy to live with if possible, rather than finding somewhere else to live. Living in a student house was a big part of my university experience, going into halls as a second year isn't the same and nor is living with randoms whilst still trying to see your other friends. 

OP, I'd leave this to your son and friends to sort out. It's hard to try and let go but all of this is the sort of thing that as adults (although admittedly young ones) they have to learn to navigate. 

Because the ex-gf doesn't sound like the type to consider why living with an ex will be hellish plus she appears to have moved on, does the OP's son really want to be under the same roof where his ex is shagging someone new?  I wouldn't want that.

I had a great time living with randoms who became really good friends whereas I'm sure some of my friends would no longer be friends if I'd had to live with them.  In fact a whole friendship group of mine disintegrated really badly after they lived together.

EXACTLY. To be honest its all a complete mess....

[Deleted User]

macman said:

If he's already signed the lease, your son is liable for the full rental until the end of the tenancy agreement, should the LL choose to enforce the contract, rather than just retain the holding fee.
Given the demand, it's likely the LL will be able to replace him, but if he doesn't, he's entitled to recover any costs incurred over and above the holding fee.

Even if the lease hasnt actually started- starts July?

[Deleted User]

Well Im not signing anything until I see what happens with them both now they're back in college after xmas.
Things seem to change on an almost daily basis with them.

[Deleted User]

[Deleted User] said:

dimbo61 said:

The NRLA now offer 2 Deed of Guarantor forms.
One is a LIMITED Deed of Guarantor  with the parent only responsible for his Son/ Daughter and one where they are liable for the whole  rent if None of the students or other Guarantors will pay.
It's a long drawn out  process involving courts and expensive legal counsel.
We don't ask for income checks or if the Guarantor owns a property.
One young man had his Uncle from Aleppo Syria as a Guarantor ( he paid his rent every month and was a brilliant tenant )
Just insure you do the checks about the property  and if they are paying the bills Don't use any company to assist until you have read the reviews

Ah I'll have to check which one this is

No mention of LIMITED so I guess its not.

Estate agent is being a bit vague about it all.

[Deleted User]

Any suggestions where I can get free/cheap legal advice on this guarantor document?

Brie

[Deleted User] said:

Any suggestions where I can get free/cheap legal advice on this guarantor document?

You car insurance may have legal advice attached.  Alternatives could be something at work, through your union, citizen's advice.  it may depend on where you work and what you do that will determine what's available for free. 

Lavendyr

https://forums.moneysavingexpert.com/discussion/6414274/son-in-college-hassles#latest

Probably helpful if you keep all the pertinent info in one place - I stumbled across the above having read this thread and I think it's useful to know the context.