Would you sign this?

[devilinme]

DD is a student and wants to rent a house in London with 6 other students.

House they've found is 4K per month and landlord wants guarantors.

I've looked at docs and guarantor would be joint & several liable which means I could potentially be liable for the whole rent - for a year or anything else like damages.

I do t know any of the other students she's going to share with.

I won't sign and DD thinks I'm BU

No.

Don’t sign!

I wouldn't sign either - anything could happen with 7 people in a house and you could potentially end up stumping up a lot of money if it does go pear shaped.

Nope! If you’d only be liable for your daughters portion then possibly but the whole lot? Not in a million years.

I wouldn't sign. I'd be telling them to find somewhere else. You shouldn't sign anything to be a guarantor without independent legal advice.

No.

DD does have option of stumping up 6 months her share of rent in advance, I've said she'll have to do that then.

She argued how is she going to find that money? I said you're an adult, work it out. She's 21 btw

She said I was horrible

£4,000 is a lot of money; I’m sure you want to be supportive, but without knowing the other students at all, I don’t think I’d want to be guarantor. Ideally, each of the four would have their own guarantor, but I suspect the paperwork/legalities would be too difficult to manage and enforce.

Four? Seven.

No way!

I've recently had this argument with my dd she will be staying at home and commuting to university this year.
Yanbu

Absolutely not

Nope not a chance

I would not sign that, it's one thing being liable for your child's share but 6 others no way!

No fecking away. I'd be happy to act as guarantor for my child but not for 6 others. Why do you have to guarantee the other students?? Cant they all pay the landlord individually & then you can act as guarantor just for her.

Also, why has this fallen onto you.....or is it you are the last one in line as all the other parents have said no too...?

So she needs to find just under £3.5K? Would/could you lend it to her, maybe?

If so... how long d'you reckon she'll take to work it out?

Do you even have £48000 spare for the rent?

I know IANBU, I want something to show her later.

Tough love.

We live on outskirts of london, commutable if she wants

Does she have her own income?

Where does she live now?

Why can't you lend her the advance rent?

How long is the commute?

I would if it was just for her share of the rent, but not when it's for all of them. Too much chance someone will move out or just stop paying.

She should be paddling her own canoe by now.

I would never be a guarantor for anyone else. You never know what is round the corner for you.

R4k a month.

I don't live in the UK but that is a lot of money for rent imo. Is that normal for London prices? Or is this in a particular nice area?

But no, there is no way that I would sign that document.

It is normal/required to have a guarantor. Whilst I totally understand your reservations I think you are being very callous not to support her to find a different solution. Perhaps lending her the 6months rent and she pays it back monthly.
As most students’ parents will Be still supporting them financially, emotionally and practically your attitude does seem like you don’t care very much about your daughter. I would be upset in her shoes.

I said you're an adult, work it out. She's 21 btw

Tbf this is a pretty horrible thing to say to your own child!!!

I wouldn't sign as a guarantor, but I would help her to raise the money for the rent.