The Complete Guarantor Pack
With our Guarantor Pack, landlords can be confident that their properties are well-protected and their investments are secure.
What's Included in Your Pack:
Assess the credibility of potential guarantors.
The legally binding agreement for the guarantor to sign.
Formally notify the guarantor if the tenant falls into arrears.
Protect yourself from potential financial losses.
£14.95
Understanding the Landlord Guarantee
What is a Landlord Guarantee?
It’s a legal agreement where a third party (the guarantor) agrees to be responsible for any rent arrears or damage to the property caused by the tenant. It's a crucial way for landlords to protect themselves from financial losses if a tenant defaults.
Creating a Legally Binding Agreement
For the guarantee to be valid, the tenant must provide a guarantor who signs a guarantee letter. The guarantor must be a reliable UK resident aged 18 or over with the financial means to cover the tenant’s potential liabilities. Our pack provides the application form to help you assess their credibility.
What Happens if the Guarantor Refuses to Pay?
If a guarantor fails to meet their obligations, the landlord can take legal action. You must provide evidence of the tenant's default (e.g., rent statements) and the signed guarantee. The court can then issue an order for payment against the guarantor.