the tenant was to sign the following day and did not and now the guarantor is saying the agreement is not valid. I am a private landlord who took the guarantor at his word
2007-07-27 02:51:19 · 6 answers · asked by Lynne B 1 in Business & Finance ➔ Renting & Real Estate
You should be on safe ground, even if the proposed tenant doesn't sign the guarantor has signed to say that they are responsible in the case of default. It's just like signing a credit sale agreement or a lease and stating you will pay up if the buyer defaults.. The tenant has defaulted, the guarantor pays up.
2007-07-27 02:55:56 · answer #1 · answered by tucksie 6 · 1⤊ 0⤋
Check with your Solicitor, however I would suggest that the Guarantor agreement only comes into force when the Tenancy starts ..
... and if the Tenant refused to sign then there is no agreement, no Tenancy and nothing to guarantee ..
NB. I am extremely surprised that the guarantor signed first ???
2007-07-27 03:41:33 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
Your tenant needs to sign before it becomes legal and binding.
2007-07-27 23:24:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
None of us read "books" like yours for 2 points.
2016-05-20 16:55:41 · answer #4 · answered by iva 3 · 0⤊ 0⤋
HI
I AM AN ESTATE AGENT.
IF THE SIGNATURES ARE NOT COMPLETE ON THE TENNANCY AGREEMENT. THEN IT IS NOT VALID.
2007-07-27 04:12:37 · answer #5 · answered by zahed s 2 · 1⤊ 0⤋
Get a solicitor...too technical
2007-07-27 03:02:45 · answer #6 · answered by Anonymous · 0⤊ 1⤋