Groundrush
Registered User.
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- Today, 02:25
- Joined
- Apr 14, 2002
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I acted as Guarantor for my best friend when he & his family rented a property about 5 years ago.
I have never had any problems with this & actually forgot all about it until I received a letter from the letting agency.
The letter stated that they signed a renewal aggreement & that I am still obligated to be their Guarantor.
My question is how do I now opt out?
I feel that 5 years is enough time for them to prove that they are good tennants & there should be no need for me to be liable, surely there is a limit to how long you have to be accountable for.
Apart from that I have never been asked to sign any new contracts & I believe the cost of the rent has also changed a few times over the 5 year period. Does this mean that the contract is now void anway?
I have never had any problems with this & actually forgot all about it until I received a letter from the letting agency.
The letter stated that they signed a renewal aggreement & that I am still obligated to be their Guarantor.
My question is how do I now opt out?
I feel that 5 years is enough time for them to prove that they are good tennants & there should be no need for me to be liable, surely there is a limit to how long you have to be accountable for.
Apart from that I have never been asked to sign any new contracts & I believe the cost of the rent has also changed a few times over the 5 year period. Does this mean that the contract is now void anway?