Fields - Page 4 - Guarantor

A guarantor is always recommended.

If there's no guarantor, leave it as default" no" and go to the next page.

If there's only one tenant, the only option will be a" single guarantor ...".

If there are between 2 and 9 tenants, two options are available.

Single guarantor for entire tenancy (recommended)

This is the recommended option.

When selecting this option, there will be one guarantor for the entire tenancy, irrespective of the number of tenants.

A typical usage would be a couple taking a property and one of the parents acting as a guarantor. The guarantor would be guaranteeing the tenancy for the whole rent and damages.

Name of guarantor

Enter the full name of the guarantor, including the title.

Guarantor email

The email will not be shown on the agreement and is only used for digital signing. You can leave this blank if you don't plan to use our integrated digital signing.

Address

Enter the current home address of the guarantor. You should always confirm their address (perhaps via a recent utility bill), and ideally, we recommend all guarantors are homeowners, which can be checked using the Land Registry.

Multiple guarantors (one for each tenant)

We are sometimes asked to have multiple guarantors for a single tenancy - commonly with student lettings, which is now possible in Tenancy Builder 3.

When this option is selected, names, addresses and emails will appear for the guarantor for the same number of tenants. Each guarantor will have their accompanying tenant name by them.

If there are multiple tenants with multiple guarantors, creating individual tenancies per room might be better.

Name of guarantor

Enter the full name of the guarantor, including the title.

Guarantor email

The email will not be shown on the agreement and is only used for digital signing. You can leave this blank if you don't plan to use our integrated digital signing.

Address

Enter the current home address of the guarantor. You should always confirm their address (perhaps via a recent utility bill), and ideally, we recommend all guarantors are homeowners, which can be checked using the Land Registry.

Please note that multiple guarantors for multiple tenants are not an ideal solution. 

The rent is a single rent for the entire tenancy (despite any personal arrangements for each tenant to pay). It isn't easy to know how much you would be able to claim from an individual guarantor for a particular tenant. There is also a similar problem if damage is done to any communal area.

The ideal is to have one guarantor for the entire tenancy, but we understand this is not always possible, and sometimes guarantors wish only to guarantee their tenants.

The alternative solution is to do individual tenancies on a room-by-room basis. That way, you then have a single guarantor for a single tenancy.

A mixture of guarantors and tenants

We have seen a rare case of a landlord having multiple tenants but guarantors not available for each tenant.

In this case, we recommend individual tenancies per room and for each tenant with a guarantor, add the single one for the entire room tenancy.

At this time, the Builder cannot handle this type of mixture.

However, with our help, a customer came up with a good solution. It involves manually uploading the PDF agreement to Signable (our integrated signing couldn't handle this).

The customer selected 'one guarantor for the whole rent' but added three names and addresses in one cell. They then added a signature box for each name manually through Signable.

Another option would be to add multiple guarantors and remove the blank ones (for the ones without a guarantor) from the produced PDF. The amended PDF could be manually uploaded to Signable, and the remaining pages would be compatible with Signable. A particular app would be needed to remove pages from the PDF this way, but many are available.