First months rent and deposit paid, no guarantor contacted

Jami74

I'm in a similar position to OP. A relative offered me up as a guarantor. I agreed that I could be a guarantor after my house purchase, which has not gone through yet. Relative has signed the 12 month contract and been in the property for three months so far, every month I get an email with a link to complete online guarantor form. I stopped answering the phone.

saajan_12

Grecian123 said:

Hoenir said:

Grecian123 said:

FreeBear said:

Before you can become liable as a guarantor, you need to have signed the agreement (there are a few other steps for it to be enforceable). So if you haven't even seen any paperwork yet, there is no way you are a guarantor.

Thank you.

The tenancy agreement hasn’t been signed by the renter yet as this is planned for Wednesday, yet she has paid a deposit and one month’s rent. I’m just hoping there will be no guarantor agreement to sign now

Why would the requirement be waived ? Is the other party being presumptious. 

Because the landlord said the house is hers, taken deposit and rent and I have not been sent any agreement/paperwork by the landlord for me to consider. Further to this, I haven’t said yes to being guarantor, but had asked for them to contact me so I could ask questions.

Would the landlord have said yes to her getting the house, taking money and not conducted any searches on a guarantor who has been asked, but not said yes yet

Well maybe the LL is disorganised and will (or won't) realise they still need the guarantor docs. Or maybe they are assuming it'll all fall into place quickly. At the end of the day, all the LL is doing is saying words.

The family member is the one that has actually paid money on the assumption of a contract arriving, when they know that a question was asked which hasn't been answered (ie a willing guarantor). If the LL does ask for the guarantee before signing the tenancy agreement and if you refuse, what is the family member's plan? Hope for a refund? 

Grecian123

Update: she has signed the tenancy agreement today and has the keys. I was not sent anything or called to say to come and read a contract to sign to be a guarantor. I wasn’t going to be pressured to sign without reading the terms and, unless I could negotiate to have no liability whatsoever after 12 months and not be liable for a periodic lease I would not consider.

I did tell my family member this. I said I’d only consider if I could get these clauses in. So, looks like no guarantor was needed after all that.

A bit of a relief if I’m honest, as I wasn’t sure how much I could negotiate clauses if it was needed.

propertyrental

Being guarantor is a significant financial obligation. esp for non family.

But all good. enancy signed, rent paid and keys handed over, so if anyone now asks you to be guarantor just ignore. Tenancy already exists without..