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Advice on being guarantor when on DMP
Comments
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She’s started to pay as and when she can after I spoke to her after receiving the email. Not the full amount but £120 here, £50 there exactlyGrumpy_chap said:
Potentially all of the current arrears plus whatever future arrears the Niece may accrue.eddddy said:
You're potentially liable for all of it.
Is the Niece now paying the rent?
There are often comments when queries about the liabilities of the Guarantor are asked that people advise various reasons why the Guarantor Agreement may not be enforceable. Hopefully one of those knowledgeable people will comment shortly if there are any escape routes for the OP.
Of course, that won't help the OP's Niece.1 -
gorskiii said:
She’s started to pay as and when she can after I spoke to her after receiving the email. Not the full amount but £120 here, £50 there exactlyGrumpy_chap said:
Potentially all of the current arrears plus whatever future arrears the Niece may accrue.eddddy said:
You're potentially liable for all of it.
Is the Niece now paying the rent?
There are often comments when queries about the liabilities of the Guarantor are asked that people advise various reasons why the Guarantor Agreement may not be enforceable. Hopefully one of those knowledgeable people will comment shortly if there are any escape routes for the OP.
Of course, that won't help the OP's Niece.I hope she (and you) keeping good records.But bottom line seems to be she cannot afford the property so should be looking at alternatives.1 -
I hope you manage to come up with a satisfactory conclusion to your dilemma. I haven't anything new to add regarding a solution.
Learn this though : Next time you are asked to be a guarantor for anyone, don't agree to it unless you can afford to pay if they don't.1 -
I have read here on several occasions that the guarantor agreement is not worth the paper it is written on
I would not assume it can be enforced
was it executed as a deed?0 -
The tenancy agreement expires on 17/7 and I won’t be helping her with any new accommodation after what’s happened.propertyrental said:gorskiii said:
She’s started to pay as and when she can after I spoke to her after receiving the email. Not the full amount but £120 here, £50 there exactlyGrumpy_chap said:
Potentially all of the current arrears plus whatever future arrears the Niece may accrue.eddddy said:
You're potentially liable for all of it.
Is the Niece now paying the rent?
There are often comments when queries about the liabilities of the Guarantor are asked that people advise various reasons why the Guarantor Agreement may not be enforceable. Hopefully one of those knowledgeable people will comment shortly if there are any escape routes for the OP.
Of course, that won't help the OP's Niece.I hope she (and you) keeping good records.But bottom line seems to be she cannot afford the property so should be looking at alternatives.0 -
Do you mean that the original fixed term expires on that date? If so, then the tenancy doesn't end - it just automatically goes onto a rolling basis.gorskiii said:
The tenancy agreement expires on 17/7 and I won’t be helping her with any new accommodation after what’s happened.3 -
Yorkie1 said:
Do you mean that the original fixed term expires on that date? If so, then the tenancy doesn't end - it just automatically goes onto a rolling basis.gorskiii said:
The tenancy agreement expires on 17/7 and I won’t be helping her with any new accommodation after what’s happened.
and depending on how the guarantee agreement is worded your liability is likely to continue.
2
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