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

Guarantors are not only liable if their own child stops paying rent.

www.which.co.uk/consumer-rights/advice/my-housemate-has-stopped-paying-their-rent-do-i-have-to-pay#parents-as-guarantors

@devilinme Imperial and LSE both have guarantor schemes. I'm not sure about Kings. The private schemes would cost about 60-100% of her share of one month's rent, so £400-600ish, paid in monthly instalments over the year. It's expensive but, as you say, your daughter is an adult, if she thinks the extra cost is worth it to live with friends, it's a realistic amount extra for her to raise.

Thanks @runoutofnamechanges will ask her to explore that

Very glad you’ve reached an agreement. Good parenting

Good parenting, she's clearly usually very sensible and independent (savings, financing and arranging her year abroad etc) and on that basis you've been fair to offer to lend her some money so she can pay six months in advance. There's no way of be guaranteeing the rent of six 21 year old strangers! You're own child yes of course. Good that she's seen the light too, just a blip and we can all have those moments.

I did this for my son for a house in his second year. Everything went Ok until towards the end of the tenancy, one of them wasn't paying his share of the rent. The agents got hold of me and two other guarantors and said she didn't think the students were taking it seriously and didn't understand that they would be liable for their friends portion of the rent, plus it would affect their references for their next house. We left it to our sons to get their friend sorted and I think one of them literally made him sit down and transfer the money!! it was a valuable learning tool for them and luckily we didn't lose out because of it.

I've also had to do something similar for my daughter, now in her second year at uni and sharing a house with 5 others. Unfortunately unless they can afford to rent alone its something you have to do!.

Sorry - only read to the end of page 2 so missed the latest updates!!! My post is now irrelevant!