Can I request advance rental payments from parents acting as Guarantor?
I have 2 HMOs that I rent out to ‘professional Tenants’ I took one tenant who is on a very low income but had her rent paid 5 months in advance by her parents who have moved overseas.
Her fixed term ends in June and I have requested on-going 2 months rent in advance since their daughter is still on a low income.
They state that I can only ask for one month? I plan to amend the AST and gain signatures stating rent to be paid 2 months in advance post fixed term, but do not think I am being unreasonable requesting advance payments for a young tenant alone in the UK with very little income as she is doing an apprenticeship so almost half student/half professional.
Any advice please?
Dinah
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Tenants notice to quit by text
Member Since October 2014 - Comments: 423
7:36 PM, 21st May 2015, About 11 years ago
lol, not quite so sure. But they’re the ‘children’. I think most parents would take the same approach.
Member Since January 2011 - Comments: 12196 - Articles: 1396
7:39 PM, 21st May 2015, About 11 years ago
Reply to the comment left by “Jay James” at “21/05/2015 – 19:36“:
LOL, mine wouldn’t.
Tough love is sometimes necessary!
It’s done me no harm that I’m aware of.
.
Member Since October 2014 - Comments: 423
7:43 PM, 21st May 2015, About 11 years ago
I am not soft on them. I will tell them straight on anything if I think it would benefit them, even if it upsets them. I wouldn’t want to be their landlord (considered letting my flat to a niece once), on the other hand I would bend over backwards to help them with a roof over their head and expect nothing in return. (Ps it’s great to occasionally be called grandad uncle Michael!)
Member Since March 2015 - Comments: 225
8:56 AM, 23rd May 2015, About 11 years ago
You are her landlord not her mother.