Accom Guarantors for 2nd yr

[RB68]

Is it still common practive to have all the parents of the students in an accom to guarantor the rent for the whole premises rather than just their child? Am looking at the documents sent to me (with 2 days notice) and to me it reads that I am liable for the full 6k plus a month if necessary - not just my child's portion. What are you finding out there - are you limiting it to just your child's rent - good mind to amend the document and send back signed limited to just her portion of the rent. I don't even know these folk never mind their kids and don't fancy paying rent, damages and outstanding bills for the lot of them.

It is good to have both landlord and tenant perspectives on here. As I said above I didn't guarantee my twins' tenancies at university but their father did (I paid the whole rent instead - a worse deal as the other friends had fairly well of parents so unlikely to be a problem with the guarantee). The other issue is some parents do not earn enough to be a guarantor. Even with my twins' father it was a lot of hassle - he had to write to at least 2 of his employers or get information from them about pay - all very intrusive. My twins were also landlords nearer here at home whilst they were still tenants and students as they got ownership of their brother's house so they certainly saw it from both ends. The state has chosen to make letting property less and less attractive given landlords being taxed on profit they don't make (interest set off changes) etc and it will only get worse as we have more and more people in the UK and changes to the law.

The hoops you have to jump through these days to being a guarantor is mind boggling. I needed to show a copy of my bank statement as well as give a reference from my employer.

It will get worse next year when I retire.

Then you see all these posts on MN where posters tell the OP to kick their 17 year old DC out to rent somewhere. They clearly don't understand the rental market these days.