People also ask
Can a landlord ask a tenant to be a guarantor?
However, a landlord has the right to request a rent guarantor whenever they think there is a risk their new tenant might not pay their rent as and when they should. Who can be a rent guarantor? In most cases, a rent guarantor is a family member or close family friend.
Do I need a rent guarantor as a student?
The main reason landlords might require you to have a rent guarantor is because they feel there is a risk you might not pay your rent, on time and in full. Because of this, student tenants are typically required to provide a guarantor.
What is a guarantor agreement for rent?
A guarantor agrees to pay your rent if you don’t pay it. They’ll have to sign a guarantor agreement which confirms their responsibilities and when they have to pay. You might be asked for one if you: have poor or no credit history in the UK
What do you need to know about being a guarantor?
A guarantor is a person with good credit who agrees to co-sign, or sign on behalf of someone else and is responsible for the rented space, its condition, the rent and any fees that may be incurred over the rental period. When do you need a guarantor for a lease?