i am the guarantee for my daughter and boyfriends house. they have lived there 12 months and are on a rolling tenancy , i want to come off as guarantee as i said it could only be for 12 months. there landlord wont let me is this allowed or any suggestions on what i can do
2007-01-23 22:17:36 · 9 answers · asked by lf2003 2 in Business & Finance ➔ Renting & Real Estate
Check what you originally signed. You will not be able to remove yourself before the expiry of that agreement (which is probably the term of that lease) unless the landlord agrees but why should he? You can either declare yourself bankrupt or demand a counter guarantee from the boyfriend. Some choice!
2007-01-23 23:42:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
if you have a lease then your guarantee runt until the end of the lease and trust me, the landlord will NOT let you off. he has no reason too. if this is a month to moth lease you should tell him that you will no longer guarantee this lease and they should sing a NEW lease without you on it. it IS legal for him to hold you and the guarantor on a month to month because it is an extension of their original lease. the only way out is a new lease. and if he dosen't want to they should move out.
2007-01-23 22:23:45 · answer #2 · answered by mouse1 1 · 0⤊ 0⤋
you can remove yourself as guarantor at any time.
It just means that the landlord will have to put things in place to insure your kid will pay the rent.
Normally this means a work ref for a full time employee of at least six months and a bank ref and credit check as well as a ref from a previous landlord.
2007-01-23 22:22:58 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The landlord can continue to demand a guarantee if they so wish.
If you pull out, and they can't find someone else, they have to move.
I don't demand this, if they pay the deposit they can have house, whats the story ?
2007-01-23 22:26:31 · answer #4 · answered by Michael H 7 · 0⤊ 0⤋
If the rental is done thru a letting agency get in touch with them. I think most guarantor periods are only a year but it might also be worth checking your or your daughters contract.
2007-01-23 22:21:23 · answer #5 · answered by Anonymous · 0⤊ 0⤋
That's entirely up to the landlord's discretion. If he or she refuses to let you off, they'll have to move when the tenancy expires.
IMHO, it's now time for them to take care of this themselves. If they have to move to more modest digs, so be it. Your job is done now.
2007-01-23 23:26:56 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I think you will have to stay as their garauntor until they leave the property. If you want to know if this is right, contact your local Citezens Advice Bereau.
2007-01-23 22:28:41 · answer #7 · answered by Amy_Lou 3 · 0⤊ 0⤋
of course you can - just give written notice that after a specific date you will not longer be acting as guarento. your daughter will have to find someone else.
2007-01-23 22:26:20 · answer #8 · answered by D B 6 · 0⤊ 0⤋
read the small print before you sign.if you got a copy see what
it says.
2007-01-23 22:24:24 · answer #9 · answered by peter o 5 · 0⤊ 0⤋