Guarantors

In this first article on the subject of guarantors we will consider what a guarantee is, who might be a guarantor and what they may be liable for under the guarantee agreement. Guarantors and guarantees are sometimes perceived as being legally a bit tricky and this would be true if not done correctly. Now is a timely moment to consider the benefits guarantors can offer. The current global financial situation means that everyone is facing challenges. Landlords with mortgages could have increased monthly repayments, whilst all landlords are seeing increasing contractor and repair costs etc. Tenants are facing increased costs ...