When you are looking to let your property to a tenant, you must consider the risks. Therefore, you may require the tenant to have a guarantor in place, incase of any Rent Arrears during the tenancy.
Unfortunately, not all tenants can provide an individual person acting as a guarantor, and this is when they apply for our service, to secure their tenancy agreement.
As an accommodation provider/letting agent/Landlord, here are the benefits of using a Rent Guarantor service:
• We are a fully insured UK-based guarantor
• This service is at no cost to yourself, as it is payable by the tenant.
• Default financial risk is covered.
• You will reduce default administration costs.