Guarantor - Paying rent?

[Sweetie77]

I am in the process of renting a flat through an estate agents. As I am on a low income they require a guarantor. This is not a problem.

But they have just told me that they require the guarantor to pay the rent. Is this legal as this will cause me problems??

[Schutzengel]

Sweetie. I think you have misunderstood the estate agents. A guarantor is a person who signs an agreement to pay (in your case the rent), if you fail to pay it. A person who agrees to stand as guarantor for you, must have complete confidence that you won't let them down, as if you do then the money will have to come out of their pocket.

[Fay Mousse]

Do you mean they want the guarantor to pay all rent, every month or week, instead of you?

[yogi.bear]

Hi sweetie

This may help you, but have you tried ringing a property solictor for advice over the phone....should'nt cost you anything as you are only enquiring.

Good Luck

http://www.landlordzone.co.uk/sureties_&_guara ntees.htm

xx

:0)

[Sweetie77]

Yes Fay

When they mentioned a guarantor I took it as somebody to be liable if I defaulted.

Thanks Yogi I will have a look at that!