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Guarantor

Started by Caulfin, February 15, 2021, 03:05:10 PM

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Caulfin

When asking for a guarantor, what are the standard earnings they should be getting? I've read somewhere it should be at least 3 times the monthly rent being asked - is this correct?

heavykarma

I would never accept a tenant whose earnings were insufficient.I did this once and never again.When it comes down to it,the agreement signed by a guarantor is not worth the paper it is written on. If they are related,the possibilities of trouble are increased.Really think again before proceeding,no matter how financially secure the guarantor is.You are relying on them behaving in an honourable way.