I am a prospective tenant. I’ve found a flat through Open Rent, my deposit has been taken and I have passed financial referencing. My prospective landlord is telling me that Open Rent require a guarantor. She is saying that Open Rent are requiring this rather than recommending. Is this correct or is she being ‘belt and braces’? I offered to pay up the contract in full but she doesn’t want to do this for personal tax reasons, which is fair enough. The trouble is, at my age, it’s quite hard to find a guarantor because my parents are no longer around. It’s all very frustrating.
Openrent don’t make these decisions. Its up to the Landlord to decide if they want a Guarantor or not.
The Landlord will have paid for referencing, so they either have to decide to proceed with you, or withdraw, and waste their referencing money. If you have ‘passed’ referencing, then I’d be surprised if they wanted to pull out at this stage.
There are ‘guanator companies’ you could consider, but I’d be tempted to explain to the Landlord that you do not have a guarantor available, and see if you can convince them you are good risk without.
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Thank you Karl. That’s useful
Information.
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