Landlord asked to be a Guarantor has reservationsMake Text Bigger
Although I am a private landlord, I now find myself with the boot on the other foot. I have been asked to be a guarantor for my daughter who is trying to rent a house with two friends.
The contract is for 12 months with a break clause at any point after 6 months. Two of the tenants are being asked to provide guarantors and the third is working and has not been asked for a guarantor.
If there is more than 1 guarantor – would the liability lie jointly between them and could the landlord just make one liable without the other ?
If my daughter decided to leave the tenancy between 6 and 12 months would the guarantee end on the day she finishes or share of the tenancy or would it still cover the whole term of 12 months.
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