Joint And Several Tenancy with Guarantors

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    Joint And Several Tenancy with Guarantors

    Hi,

    Hope to get some advice please.
    4 tenants on 1 AST each with a guarantor.
    The AST will be joint and several, so they are all responsible for late or non payment.
    How would this then work with guarantors? I understand there are limited and unlimited type of guarantors.

    #2
    So if 1 tenant drops out his guarantor pays up for his portion of rent until you can get a replacement tenant. That sounds the easiest way to work it.



    Freedom at the point of zero............

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      #3
      The problem may arise if there is a dispute over which T caused any damage.
      G's can be protective over their liabilities.

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