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Sss Guarantor's Form

Sss Guarantor's Form

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Instructions and help about guarantor's form sss form bpn 107

if you've agreed to be a guarantor for somebody renting a property there might be a hidden trap that you need to be aware of but first of all what is a garor a guarantor is someone that's agreed to pay the rent in case the tenant doesn't pay it they might also have to pay for repairs to the property or damage to the property depending on what the guarantee agreement says and what the original teny agreement says although it can't bind the guarantor anym than the original tenant there are a few things to look out for now the big one to look out out for is for whom is the guarantor responsible because if this is a joint tenancy and there are two or three or even four tenants within that property and the guarantor is signing on behalf of all of them that could create quite a significant problem because then the guarantor might be responsible for the rent for each and every other tenant in addition to the one that they thought they might be guaranteeing in t

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