hello - I hope you can give me some advice.
I have been acting as guarantor for my ex partner now for 3 years (yes crazy I know) but things have worked well, he pays the housing benfit directly to me and we have had no problems.
He has now served notice and is moving in a months time, I have agreed to act as guarantor for him again.
My question is this - I only want to act as guarantor for the term of the fixed tennacy period. At the end of the 12 month period I would like to either serve notice as guarantor or renew for another fixed period depending on how things have gone.
This particular estate agent have said that I would be liable as guarantor for as long as the tennant is in the residence even once it has changed to a periodic tennacy and that I would be unable to give notice as guarantor at any point.
I thought that an open ended agreement was illegal? I only want to linit my liabilty and protect my interests, the likelihood of me not renewing as quarantor is very small as things have worked so well in the past. I am concerned that the landlord could increase the rent making it too expensive for the tennant to pay his rent and that would fall to me.
I also thought that if the landlord increased the rent this would make the original agreement null and void?
I have attached the guarantor docment they have forwarded.
Any help would be great
I have been acting as guarantor for my ex partner now for 3 years (yes crazy I know) but things have worked well, he pays the housing benfit directly to me and we have had no problems.
He has now served notice and is moving in a months time, I have agreed to act as guarantor for him again.
My question is this - I only want to act as guarantor for the term of the fixed tennacy period. At the end of the 12 month period I would like to either serve notice as guarantor or renew for another fixed period depending on how things have gone.
This particular estate agent have said that I would be liable as guarantor for as long as the tennant is in the residence even once it has changed to a periodic tennacy and that I would be unable to give notice as guarantor at any point.
I thought that an open ended agreement was illegal? I only want to linit my liabilty and protect my interests, the likelihood of me not renewing as quarantor is very small as things have worked so well in the past. I am concerned that the landlord could increase the rent making it too expensive for the tennant to pay his rent and that would fall to me.
I also thought that if the landlord increased the rent this would make the original agreement null and void?
I have attached the guarantor docment they have forwarded.
Any help would be great
Acting as guarantor
0 commentaires:
Enregistrer un commentaire