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A guarantor is someone who agrees to pay your rent if you don't pay it, for example, a parent or close relative & you might need a ‘guarantor’ so you can rent a place to live. In this video, I am sharing with you the consequences of being a guarantor for renting a house in the UK. If you don’t pay your landlord what you owe them, they can ask your guarantor to pay instead. If your guarantor doesn’t pay, your landlord can take them to court. Your landlord might want to check your guarantor is able to pay the rent in the same way they've checked your ability to pay. For example, by carrying out a credit check. There is a legal requirement for a guarantee agreement to be in writing. The agreement sets out the guarantor's legal obligations. Is a guarantor only liable for unpaid rent? It depends on what the agreement says. In many cases, a guarantee agreement also extends to other conditions under the tenancy - for example, any damage caused to the property. If an agreement does extend to other conditions of the tenancy, then it's best that the guarantor checks the tenancy agreement. This way they can see exactly what obligations they are guaranteeing. If you find this video helpful, kindly like, comment, share, and click on the Subscribe Button. This channel is here for you, so let me know in the comments if you liked this video and more of what you would like to see. I might just film your video suggestion! I hope you enjoyed this video and find it helpful! SUBSCRIBE TO MY CHANNEL: / rajankurian Let's stay connected: Instagram - / ukmalayali Facebook - / ukmalayali For more information about life in the UK, please visit www.ukmalayali.co.uk #UKmalayalam #UKlifebyRajanKurian #UKMalayali #rajankurian