Guarantors (should Tenant default) Guarantors stand surety or in other words guarantee rent payments and other tenancy obligations. Anyone over the age of 18 who is willing to vouch for the tenant CAN be a guarantor.Click to see full answer. Besides, can anyone be a guarantor?Almost anyone can be a guarantor. It’s often a parent, spouse (as long as you have separate bank accounts), sister, brother, uncle or aunt, friend, or even a grandparent. However, you should only be a guarantor for someone you trust and are willing and able to cover the repayments for.Additionally, can the council act as a guarantor? You may be able to persuade your landlord to waive the need for a guarantor by offering them a larger deposit or 6 months’ rent in advance. Some councils offer rent deposit schemes to help people who don’t have enough money to pay a deposit. It may be worth contacting your local council to see if they can help you. Keeping this in view, does my tenant need a guarantor? Generally we will suggest a guarantor may be required if a tenant has a low credit score or if they are a more high-risk tenant, such as a student, DSS tenant or if they have a low income.What is a tenancy guarantor liable for?Essentially, in the event of a tenant being unable to meet their obligations under the tenancy agreement, whether it is for overdue rent, damage to the property or whatever, the Guarantor is legally bound to accept the liabilities on behalf of the tenant.
