If you're a guarantor, you agree to meet the terms of an agreement between a landlord and a tenant if a tenant can't.
You can only be a guarantor by signing an agreement. This may be a 'tenancy agreement' or other document.
A tenancy agreement covers what's agreed between a landlord and a tenant about a home. You could be asked to sign an agreement if the landlord feels the tenant needs a guarantor.
Not all tenants need a guarantor. A landlord might choose to ask for one if:
- the tenant doesn't have a job
- the tenant has a poor credit record
- the landlord needs a reference for the tenant but can't get one
What a guarantor needs to do
You'll need to do things like:
- pay the rent if the tenant can't
- replace or repair items that are damaged
- give money to the landlord if the landlord spends money doing something the tenant should have done
If you're a guarantor and you don't pay something you need to, a landlord can take legal action against you.
If there's a 'joint tenancy agreement' that contains more than one tenant, the guarantor signs as a guarantor for all the tenants listed on the agreement.