Guarantor Question

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  • Guarantor Question

    How easy is it to get money out of a guarantor is a tenant defaults on payment. Do they tend to pay straightaway if you ask or do you have to serve a notice on them.

    Asking as my prospective tenants both require a guarantor.

  • #2
    well you would treat them the same way as a tenant and ask them for the money, write letters etc, if no rent forthcoming you would have to seek monies via court and then you could claim again both t and G but you must ensure that the G signs A Deed of Guarantor, see sight of the tenancy agreement, is named on the agreement as G, signs to that effect but also must sign a Deed of Guarantor - there is more on another thread by jeffrey abouts D O G's.

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