Home > Ask Our Experts > Can we Just Guarantee Our Daughters Rent?

Can we Just Guarantee Our Daughters Rent?

By: Garry Crystal - Updated: 1 Oct 2012 | comments*Discuss
 
Guarantor Students Rental Property

Q.If our daughter has signed a joint contract for her house why should we have to guarantee every student's rent?

Can we write on the contract that we only will cover her rent should she leave? If everyone guarantees their own child's rent then what is the problem? Why is their no risk at all for the agencies?
(Ms chris tob, 28 September 2008)

A.

Guarantor’s Promise

When a guarantor signs a rental agreement for another person they are legally bound to pay any amounts owed should the tenant leave. Your daughter has signed a joint contract asking you to be guarantor but this does not mean you should guarantee everyone that lives in this property. Students may have signed a short-hold tenancy agreement, which means that the contract is legally binding for the room in which they live. However, it sounds as if your daughter has co-signed a rental agreement with another for the whole house and the agency is requesting a guarantor for the whole property. Letting agencies will want to know that they are covered should any student leave and not pay outstanding rent; this is the reason they are asking for a guarantor. This condition is set in place in case students leave before the term ends or decides not to stay at university, or the accommodation they have rented. The letting agency will not only lose outstanding rent money but they will also lose any money until the property can be let again.

Negotiating Contracts

There is no legal requirement for a guarantor to guarantee the rents for all students living in one accommodation. A contract is not set in stone and there should be some negotiation available on the terms and conditions set out in the contract. For example, the guarantor should be able to guarantee for one person only, in this case your daughter, and have this condition placed in the contract, but only if the letting agency agrees. The agency will no doubt be asking for guarantees for the whole rental amount or they will not rent the accommodation. The agency is either looking for a guarantee from everyone who is renting or for one guarantor to cover everyone’s rent. However, it will be the case that guarantors and tenants still living in the property who have signed the agreement are liable if anyone else leaves the property owing outstanding rent. This will probably be stated in a clause in the contract and is common with multiple occupancy properties. The guarantor should read the contract carefully and only sign if he or she is in full agreement with all of the terms and conditions and the consequences for non payment.

You might also like...
Share Your Story, Join the Discussion or Seek Advice..
Why not be the first to leave a comment for discussion, ask for advice or share your story...

If you'd like to ask a question one of our experts (workload permitting) or a helpful reader hopefully can help you... We also love comments and interesting stories

Title:
(never shown)
Firstname:
(never shown)
Surname:
(never shown)
Email:
(never shown)
Nickname:
(shown)
Comment:
Validate:
Enter word:
Latest Comments
  • alfie
    Re: Title Deeds: Who Keeps Them?
    no point posting questions here nobody answers!
    24 January 2020
  • Husein
    Re: Contracts and Self Employment
    I am a self employed and working in Amazon last 6 month as delivery driver through RAM distribution Company.Unexpected called me…
    10 January 2020
  • Husein
    Re: Contracts and Self Employment
    I am a self employed and working in Amazon last 6 month as delivery driver through RAM distribution Company.Unexpected called me…
    10 January 2020
  • Libby
    Re: Title Deeds: Who Keeps Them?
    My grandfather purchased the freehold on 4 properties in Sheffield sometime before 1950. These were inherited by my father and…
    9 January 2020
  • Ma eee
    Re: Engagement Contracts
    Can i sue him for breechbof promise, we dated for 8yrs, i proposed and he accepted, i bought him a ring...Later he proposed and also i…
    9 January 2020
  • Vulnerablemother
    Re: The Law & Verbal Agreements
    Help. First time mum, at the time baby was 5 months old and husband was being made redundant all of which the plumber knew. I…
    7 January 2020
  • Jud
    Re: Changing a Contract
    Hi I've worked for my company for 14 years on nights Sunday to Thursday now they say I've got to do my hours over 7 days with roted days…
    30 December 2019
  • Shikdar
    Re: Marriage Contracts
    I am Mamun Rashid. I have five sisters and no brother. My tow elder sisters are living in UK.. Nowadays i am planing to go uk with a spouse visa.
    10 December 2019
  • Machine1uk
    Re: Contracts for Goods: Your Statutory Rights
    I purchased a vehicle through a finance company from a dealer. I broke down 2 weeks later and contacted the…
    3 December 2019
  • Sam
    Re: What If I Don't Have a Written Contract With My Employer?
    is this still active for questions to be answered?
    28 November 2019