Guarantors to rent a house
Who can be a guarantor?
Asked on Dec 2 2016, Renting in Liverpool | Report content
Answers (1)
-
A guarantor is usually a parent, guardian or someone such as a business colleague who is willing to take full responsibility should a tenant fall into arrears. He/she will go through the same referencing process as a tenant. The normal requirement is that they are employed and a UK resident, with sufficient earnings to cover the tenant’s rental commitment. Also note that the guarantor will usually have to sign a separate agreement and will be responsible if the tenant fails to uphold any of their obligations under the Assured Shorthold Tenancy (AST). This goes beyond just paying rent to areas like damage to the property and any associated court costs.
Answered on Dec 2 2016, Report content
Didn't find what you were looking for? Ask a question
More Renting in Liverpool questions on AskMe
-
Asked on Dec 23 2016, Renting in Liverpool
1 answer - Answer this question -
Homes not requiring guarantors
Asked on Sep 13 2016, Renting in Bootle
Be the first to answer this question -
Nice place to rent near Broadgreen
Asked on May 15 2016, Renting in Liverpool
Be the first to answer this question -
How much rental income could I expect?
Asked on Apr 2 2016, Renting in Liverpool
2 answers - Answer this question -
Deposit and initial outlay costs?
Asked on Jan 4 2016, Renting in Liverpool
1 answer - Answer this question