Guarantor for a friend’s tenancy rent and now it’s all gone wrong? Is the landlord coming after you because they say the friend you “indemnified” and “guaranteed” is in arrears – and you’re friend’s disputing the amount, skint, no-where to be found, etc.
If you didn’t get legal advice before signing a rent guarantee, now’s a great time to do so.
Yesterday, I advised a man in these circumstances – and it took all of five minutes for me to ascertain that the rent guarantee in his case is not enforceable.
The man I helped yesterday is intelligent and can read English to a high standard. His only issue is that (up until his appointment with me) he didn’t understand the law.
It made perfect sense for him to come to a direct access landlord & tenant expert – and I was pleased to give him clarity and a steer.
His post-advice email to me reads:
“Thanks for your advice yesterday [that] the guarantee is meaningless.
Again, in absence of flowers, choccies etc, many thanks”.