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No guarantor needed

Son is renting a student property from September, 8 students in the house. The contract is through openrent and states no guarantors.
Is there an issue with this? They've met the landlord in the property with current tenants. It's apparently managed directly by landlord and was advertised on Rightmove. Thanks.

Comments

  • la531983
    la531983 Posts: 2,761 Forumite
    1,000 Posts First Anniversary Name Dropper
    I never needed a guarantor for a student house, granted that was decades ago.
  • propertyrental
    propertyrental Posts: 3,391 Forumite
    1,000 Posts First Anniversary Name Dropper
    Lucky you! Being a guarantor is a big financial commitment and risk.
  • Htchgl said:
    Son is renting a student property from September, 8 students in the house. The contract is through openrent and states no guarantors.
    Is there an issue with this? They've met the landlord in the property with current tenants. It's apparently managed directly by landlord and was advertised on Rightmove. Thanks.

    Do you want to guarantee the rent and any damage over and above fair wear and tear of 8 people? I doubt it, so there is no issue.
  • deannagone
    deannagone Posts: 1,101 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Sounds like a rental parents of students would like the opportunity to have for their children.  Not sure what the problem is?
  • theartfullodger
    theartfullodger Posts: 15,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 25 March 2024 at 6:43PM
    Landlord and/or property desperate for new tenants.. probably... would raise red flag for me...

    Artful: Landlord since 2000.  Had two student lets, now only one )old age), never seen this suggested by agents.

    I'd think about proposing lower rent (seriously...) 
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