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