Replacement guarantor?

Replacement guarantor?

10:24 AM, 4th January 2023, About A year ago 14

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Hello, We rent a house to a young family who have been tenants for 2 years. At the time we asked for a guarantor, which they were happy to provide by way of a family member.

The tenants are now saying that they have had a fallout with the guarantor and would like them removed from the agreement.

They have said they’re happy to provide a new guarantor if necessary.

We would like to keep a guarantor as extra security in these ‘financial crisis’ times, especially as only one of them are now working as the wife has decided to give up her job to be a full time stay at home mum.

I would like to know if it’s just a simple procedure of referencing a new potential guarantor which would then replace the previous one, or if it’s a bit more complicated?

Thank you,

Ashleigh


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Comments

Noseyrosey

15:27 PM, 18th July 2023, About 10 months ago

Reply to the comment left by Chris @ Possession Friend at 10/07/2023 - 21:40
Hi sorry took time getting back . So am confused by my guarantor status so the tenant signed her agreement for 6 months so Dec 19/12/2016to 19/06/17 then tenant was asked to go in and resign a new tenancy starting 19/06/17-19/06/19 ( fee of £50 was charged to tenant as a resign fee ) she stayed at the property till she was evicted for rent arreas which was done through the courts am thinking my guarantor liabilities ended when a new tench started any advice would be appreciated

Chris @ Possession Friend

17:13 PM, 18th July 2023, About 10 months ago

Reply to the comment left by Noseyrosey at 18/07/2023 - 15:27
Your welcome to contact - email us for free bespoke advice via a telephone call.

Noseyrosey

17:44 PM, 18th July 2023, About 10 months ago

Would appreciate tha what’s your contact details?

Chris @ Possession Friend

21:30 PM, 18th July 2023, About 10 months ago

Reply to the comment left by Noseyrosey at 18/07/2023 - 17:44
They're on our web site, Enquiries@PossessionFriend.uk

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