Guarantors What is a guarantor? A guarantor is a third party, such as a parent or relative, who agrees to pay your rent if you don’t pay it. Do I need a guarantor? A guarantor is not a legal requirement however some landlords/agents insist on a guarantor. If you are not able to provide a guarantor then you may be best placed to look for another landlord/agent who does not require a guarantor. The following DUSA Accredited landlords accept tenants without the need for a guarantor: Grant Property All students unable to provide a UK based guarantor can pay full rental up front or make a ‘non-guarantor ‘payment. Non guarantor payment is an additional 2 month’s rent, which is then used as their last 2 months rent. Jamal Property World Jamal Property World do not require a guarantor. WestOne All students unable to provide a UK based guarantor must pay rent paid upfront/ in advance Rent Flats Dundee If a guarantor is not available, Rent flats Dundee would requires either the rent to be paid two months in advance or 1.5 x original deposit. The Hub All students unable to provide a UK based guarantor must pay rent in two instalments split 24/19 weeks. Easy Lets If a guarantor is not available Easy Lets asked that tenants pay a full deposit and two months’ rent in advance Premier Property Management Premier Property Management allow student tenants to rent without a UK based guarantor however they require six months’ rent to be paid. Can I get a private company to be my guarantor? There are private companies who offer UK guarantor service. However, you should be aware of the costs involved and any legal implications. DUSA advise that you seek legal advice before signing any agreement. What is expected from my guarantor? If your landlord has requested a guarantor, you must ensure that guarantor recognises that this agreement is a legally binding contract and they should be aware of their financial obligations. If you do not pay your rent your guarantor can be called on to cover these payments. If either you or your guarantor cannot make the payments, you could be taken to Court as a guarantor agreement alongside a tenancy agreement as legally enforceable. What if I am a joint tenant? If you share accommodation with other people and you have all signed one tenancy agreement, your guarantee could apply to the total monthly rent. It is therefore important that your guarantor negotiates with the landlord that the amount they will be liable for is capped or for a specific period of time. Useful Links: http://scotland.shelter.org.uk/get_advice/downloads_and_tools/jargonbuster/jargonbust er_terms/g/guarantor https://www.citizensadvice.org.uk/scotland/housing/renting-a-home-s/student-housings/student-housing-using-a-guarantor-s/ http://scotland.shelter.org.uk/get_advice/advice_topics/information_for_landlords/Landl ords_and_deposits
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