Provision of a guarantor for rent is common practice in the UK and grants your future landlord the security that your rent will be paid on time and in full.
RentGuarantor will stand as the Tenant’s guarantor in relation to Rent only, for an initial period that matches the Tenancy Agreement length, and for up to a maximum of three years, where the Tenancy Agreement is renewed.
The Guarantee provided, has limits of:
£120,000 for Rent, plus;
£10,000 for any Legal Expenses accrued due to Eviction Proceedings in relation to Non-payment of rent.
RentGuarantor agrees to incur reasonable costs involved during the Term relating to the Eviction of the Tenant from the Property for Non-payment of rent in line with these Landlord terms and conditions and the Whole Agreement.