Student Tenancy Agreement Guarantee and Indemnity (Single Tenant)
This Student Tenancy Agreement Guarantee and Indemnity (Single Tenant) is a simple one-page document in which a guarantor (usually a parent) promises to pay the rent if the student tenant fails to do so. The parent also agrees to compensate the landlord for any loss caused by the student’s breach of the terms of the tenancy agreement.
It also includes an indemnity which is a separate obligation to the guarantee, which provides greater protection for the Landlord. An indemnity obliges the Guarantor to compensate the Landlord for loss or damage and is not dependent on the tenant’s obligations being enforceable.
It is usual for landlords to ask for a parental guarantee when they let property to a student. This Guarantee should be used where the Tenancy Agreement names only one person as the Tenant. If there is more than one tenant, the Guarantee (Joint) should be used instead.
It is important that a copy of the proposed Tenancy Agreement be attached to the Guarantee so that it is absolutely clear what the Guarantor is committing to.
Under the Tenant Fees Act 2019 landlords and/or letting agents in England are prohibited from charging any fees associated with requesting a guarantor to a tenancy caught by these acts (this includes referencing fees and administration fees).
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Student Tenancy Agreement Guarantee and Indemnity (Single Tenant) is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.
Student Tenancy Agreement Guarantee and Indemnity (Single Tenant) is part of Property Documents. Just £35.00 + VAT provides unlimited downloads from Property Documents for 1 year.