7:01 AM, 10th February 2023, About A year ago 3
Hello, In today’s unusual economic climate we (and many other landlords) have started having guarantors for every lease, as tenants may either lose a job, become ill and unable to work, or otherwise be unable to pay a rent that was previously no trouble for them.
Whilst this can be done for new tenancies, what about existing tenancies that have become periodic?
We start with 6 month tenancies and then periodic.
So, can a guarantor be taken AFTER the tenant moves in – even after it becomes a periodic tenancy – if one can be found?
Does it matter how long the tenancy has been running?