Are Guarantors automatically covering a new contract?
1:56 PM, 15th September 2015, 11 years ago
11
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A letting agent is advising that when tenants renew a tenancy agreement i.e. sign a new contract for the next academic year the guarantor for the first contract automatically covers the new contract.
I have reservations!
Relevant advice would be most welcome please.
Eileen
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Flipping realistic still ?
Member Since March 2015 - Comments: 1969 - Articles: 1
10:57 AM, 16th September 2015, About 11 years ago
If it becomes a statutory periodic tenancy after the initial fixed term and states that the guarantors liabilities will continue to that effect in the initial agreement, then yes it would.
If this is a newly signed fixed term contract, then no.
Comments: 85
2:40 PM, 16th September 2015, About 11 years ago
Member Since September 2015 - Comments: 237 - Articles: 4
4:33 PM, 19th September 2015, About 11 years ago
Don’t wish to add to the obvious, but your agent clearly hasn’t got a clue. It is famously the case that a guarantor only continues (in perpetuity) where a periodic tenancy exists and is not reissued. If any new contract is entered into, the existing/old contract is negated. In these circumstances, the guarantor must always sign a new deed of guarantee before each new tenancy is issued, or their guarantorship will cease.
I would say I’m staggered by the agent’s incompetence on this, but sadly Im not – it seems to be endemic across most of the lettings industry.
Comments: 85
1:56 PM, 21st September 2015, About 11 years ago
Member Since September 2015 - Comments: 237 - Articles: 4
3:12 PM, 21st September 2015, About 11 years ago
Reply to the comment left by “Teg’s Dad” at “21/09/2015 – 13:56“:
Well let’s hope you are better at it than the very very large number of agents across the country that I have to deal with. I often have to train them for my day job and the ones who think they know best are so woefully wrong on so many subjects one wonders where they get the information.
Comments: 85
4:08 PM, 21st September 2015, About 11 years ago
Member Since September 2015 - Comments: 237 - Articles: 4
4:46 PM, 21st September 2015, About 11 years ago
Reply to the comment left by “Teg’s Dad” at “21/09/2015 – 16:08“:
🙂
Top answer!
Member Since May 2022 - Comments: 55
10:55 AM, 5th February 2023, About 3 years ago
Hi I’m a guarantor but have just discovered the letting agent added a new clause the tenancy ( added anti social behaviour after obtains his landlord licence) I was not made aware of any changes and also the letting agency resigned the tenant up six months into her new tenancy and gave her a whole new tenancy without my knowledge is that acceptable? Plz help
Comments: 85
12:45 PM, 5th February 2023, About 3 years ago
Member Since May 2022 - Comments: 55
6:46 PM, 5th February 2023, About 3 years ago
Thanks for your reply appreciate it 🙂 are you a solicitor by any chance ?