Sometimes, when you have been referenced, and financial matters don’t, quite stack up, or as a student you have no apparent means of income, or have never rented before, you will be asked to provide a guarantor.
A guarantor is someone (normally a parent or next of kin) who agrees (Guarantees) to pay the rent on your behalf, if you fail to do so.
A guarantor will have to satisfy a landlord or letting agent that they are who they say they are and capable of covering the rent and also it’s usual that a guarantor will be a homeowner. The guarantor will have to provide documentary evidence of their status and also sign an agreement to cover the rent.
As a Bristol letting agent who has rented property to students for numerous years I would never recommend that you rent to a student without a guarantee in place. Not particularly that they might or would cause more damage, or fail to pay the rent, any more than a professional person.
One alternative to having a guarantor, and before you say anything whilst I know students and young professionals like some form of independence, the alternative is to have your parents pay your rent directly to the Landlord.
If you have any tenant issues or problems, feel free to get in touch, I am more than happy to help and give you advice and assistance
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