Guarantor

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    Guarantor

    Hi can you tell me does the guarantor agreement still stand if a landlord passes away? Or does a new guarantor have to be found?

    #2
    Originally posted by Mosey View Post
    Hi can you tell me does the guarantor agreement still stand if a landlord passes away? Or does a new guarantor have to be found?
    don't think so.

    The guarantor agrees, on none payment of fees by the tenant, be it rent
    or damages, to make good the shortfall in rent or damages of the tenant,to
    whoever is asking for the rent or damages.

    Normaly you would tell everyone that the newlandlord is xxx ,and his contact
    address is either the letting agents address or the home address of new landlord.

    The tenancy agreement carries over with the new landlord, and tenant is
    told who he is and where to send his rent to.

    I would asume you can just advise the guarantor the same.
    You certanly dont need a new guarantor.

    But depending on how the deed for the guarantor was worded, may need
    clarification further in this post.

    R.a.M.

    Comment


      #3
      As RaM says...

      Think until probate is granted the landlord will be "The estate of Mr A N Other" and the responsible persons will be the executors. After probate, LL becomes what the will says .

      Yup, I'd read that deed for guarantee very carefully & see if it covers decease of LL: Just read my most recent guarantee & it doesn't mention this, nor for sale of property... Mind you, if I drop dead I'm not too bothered if the rent is paid...

      (NB I'm not legally qualified: Perhaps someone wiser will come along..)
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

      Comment

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