What are the alternatives to a Rent Guarantor and why shouldn’t I use them?

Parental Guarantors:

  • Often parents don’t understand their liability
  • Parents often don’t realise their liability, particularly when their children are sharing and have a Joint & Several liability lease.
  • Parents may ask for time to pay due to a change in personal circumstances
  • Parents often refuse to pay resulting in court action being taken with added costs and time incurred.
  • Parents often ask to pay over a long period of time.

Advance Rent

  • Doesn’t pay for excess damage
  • Doesn’t pay for eviction processes
  • Has to be repaid should accommodation be uninhabitable (flood/fire etc)
  • Only useful until the advance rent payment runs out.

We suggest you take a look at the website for further information

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