Ask an UK Law Question, Get an Answer ASAP!
Thanks for your question.
I'm afraid that Just Answer prohibits the attaching of documents/private correspondence between customers and experts, it is more for general advice.
Guarantees are fairly common, particularly where the landlord has had their fingers burnt by bad tenants in the past or where agents use them as a matter of course in student lets. The extent of your liability under the guarantee depends on how wide the wording is. I note you say it is unlimited, does it refer just to your daughter and her tenancy, or the tenancy as a whole?
If it refers to the tenancy and your daughter and her flatmates are all signing one document which refers to them being 'jointly and severally liable' then this will mean that you are guaranteeing the rent (and any other sums due under the agreement) of all of the tenants together. Of course, the other parents of your daughter's friends are probably being asked to sign a guarantee and you should check with them to make sure there are other guarantors to limit your exposure.
If the guarantee just refers to her and her tenancy agreement and each flatmate has their own tenancy agreement then you are only exposed to the costs your daughter incurs.
Ultimately, it comes down to trust but you should check for joint and several liability and get in contact with the other guarantors to check your are not going to be the only left without a chair.
If this is useful please kindly click accept so that I may be rewarded for my time. It will be gratefully received and you will be free to ask follow up questions.Kind regards,Tom
if all named as jointly severally -
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).