Guarantor Template & Guidance Notes

What is a guarantor?

A guarantor is someone who agrees to pay the rent or damages relating to a tenancy if the tenant is unable to pay. Normally they will be a family member or close personal friend of the tenant. Typically they will also be a homeowner in the UK.

In most tenancies, the guarantor will not be necessary as most tenants pay their rent on time and leave the property in a good state when they leave. However, by securing a guarantor, landlords can have peace of mind that if their tenant does breach their obligations they will be able to recoup their losses later on.

Signing up a guarantor

To ensure the guarantor is legally bound to guarantee the terms of the tenancy, You should ensure that this deed is signed and witnessed prior to signing the tenancy agreement.

By signing this deed, the guarantor agrees to pay the entirety of the rent or damages for the tenancy agreement. This will be used in most circumstances.

This download includes a guarantor form along with guidance notes to support you.