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Guarantor definition

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A guarantor for rent is required by your accommodation provider to pay rent arrears if you default on any of your payments. Provision of a guarantor for rent is common practice in the UK and grants your future landlord the security that your rent will be paid on time and in full. A guarantor for rent will also be expected to cover other costs incurred as detailed in your Tenancy Agreement, including damages costing more than the deposit or liabilities such as Joint and Several.

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