Guarantor agreement still valid after rent increase?Make Text Bigger
Hello, I am interested in increasing the rent of a long term tenant that is paying well below market rate.
The new monthly rental rate would be more than 10% than the rent level which the guarantor signed for on the original contract.
Would the guarantor still be “liable” after a significant increase in rent for the full amount, the original amount or not liable at all?
Would I now need the tenant to sign another AST?
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