tenants agreements help

[brin]

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[B][FONT=System][SIZE=3]my son is going to rent a flat and this is something he has asked me to sign.[/SIZE][/FONT][/B]
[B][FONT=System][SIZE=3]and as it seems like a forign language can someone check it out for me please:cheers2:[/SIZE][/FONT][/B]
[B][FONT=Trebuchet MS][SIZE=3][U]DEED OF GUARANTEE[/U][/SIZE][/FONT][/B]
[FONT=Trebuchet MS][SIZE=3]This guarantee is made on the between ___ __Mr.C.Morrison______________________________________ (“the Landlord”) o[/SIZE][/FONT]
[LEFT][LEFT][FONT=Trebuchet MS][SIZE=3] (“address”) (the first part) and _________________________________________ (“the Guarantor”) of[/SIZE][/FONT][/LEFT]
[LEFT][FONT=Trebuchet MS][SIZE=3]__________________________________________ (“address”)(the second part).[/SIZE][/FONT][/LEFT][/LEFT]
[B][FONT=Trebuchet MS][SIZE=3] IT IS HEREBY AGREED THAT:[/SIZE][/FONT][/B]
[FONT=Trebuchet MS][SIZE=3]1.[/SIZE] [/FONT][FONT=Trebuchet MS][SIZE=3]In consideration of the Landlord agreeing at my/our request to accept :[/SIZE][/FONT]
[FONT=Trebuchet MS][SIZE=3]______________________________________________________________________[/SIZE][/FONT]
[FONT=Trebuchet MS][SIZE=3]as the tenant of the property known as:[/SIZE][/FONT]
[SIZE=3][FONT=Trebuchet MS] _____________________________________________________________________ upon the terms and conditions of the agreement annexed hereto (“the Agreement”) the Guarantor hereby agrees to full indemnify the Landlord for any loss, damage, costs or other expenses arising either directly or indirectly out of any breach of the Agreement (or any extension or continuation thereto including any rental increase agreed between the Landlord and the Tenant provided the Guarantor is notified of such increase upon the signing of any extension document or the service of any notice pursuant to Section 13 of the Housing Act 1988) by the Tenant or any person action on his behalf.[/FONT][/SIZE]
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[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]2.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]No forbearance on the part of the Landlord or any surrender of the Agreement by the Tenant shall relieve the Guarantor of his liability hereunder.[/SIZE][/FONT]
[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]3.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]This Guarantee shall continue throughout the period that the Property is occupied by the Tenant or any licensee and is not limited to the term specified in the Agreement.[/SIZE][/FONT]
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[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]4.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]This Guarantee shall not be revocable by the Guarantor nor will it be rendered unenforceable by the Guarantor’s death or bankruptcy.[/SIZE][/FONT]
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[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]5.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]If the Tenant defaults during the initial Term or any extension or renewal of this Agreement or in the event of the Tenant being declared bankrupt and the Tenant’s Trustee in Bankruptcy elects to disclaim the Agreement then on demand the Guarantor will indemnify the Landlord against all losses, claims, liabilities, costs and expenses arising out of or in connection with that default or disclaimer or incurred by the Landlord in connection with the default or disclaimer.[/SIZE][/FONT]
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[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]6.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]It is agreed that the Guarantor’s liability under this Clause will not be discharged or affected by any act, neglect, forbearance or giving of time by the Landlord endeavouring to obtain payment or in the enforcement of the Tenant’s covenants. If the Tenant surrenders any part of the Property the Guarantor’s liability will continue in respect of the part not surrendered. Any liability accrued at the date of Surrender will continue unaffected.[/SIZE][/FONT]
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[FONT=Trebuchet MS][FONT=Trebuchet MS][SIZE=3]7.[/SIZE][/FONT] [/FONT][FONT=Trebuchet MS][SIZE=3]The Guarantor confirms that he understands and accepts all the obligations and duties imposed upon him as Guarantor under this Agreement and any renewal or extension whether fixed term or periodic of that Agreement.[/SIZE][/FONT]
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[FONT=Trebuchet MS][SIZE=3]Signed as a deed ……………………………………………………………………….[/SIZE][/FONT]
[B][SIZE=3][FONT=Trebuchet MS](Guarantor)[/FONT][/SIZE][/B]
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[SIZE=3][FONT=Trebuchet MS][B]In the presence of::[/B] ……………………………………………………………………….[/FONT][/SIZE]
[FONT=Trebuchet MS][SIZE=3]Signature of Witness ……………………………………………………………………….[/SIZE][/FONT]
[FONT=Trebuchet MS][SIZE=3]Address ……………………………………………………………………….[/SIZE][/FONT]
[SIZE=3][FONT=Trebuchet MS] ……………………………………………………………………….[/FONT][/SIZE]
[FONT=Times New Roman]Occupation ………………………………[/FONT]

[rachel]

this is easy It say's that if he damages it you pay !!!!!!!!!!!!!!!! :ack2:

run away now !!!!

:grouphug:'s rachel

[brin]

[quote=rachel;554016]this is easy It say's that if he damages it you pay !!!!!!!!!!!!!!!! :ack2:

run away now !!!!

:grouphug:'s rachel[/quote]

very funny:) i want rid of him .

[Paulo uk]

Yeah - this is pretty standard, I use a very similar statment for my let's. Do you need it translated to laymens terms or do you just want the short version as above...?

Paul

[brin]

[quote=Paulo uk;554024]Yeah - this is pretty standard, I use a very similar statment for my let's. Do you need it translated to laymens terms or do you just want the short version as above...?

Paul[/quote]
many thanks paul.
laymens terms please

[paul35]

yep if he causes any damage or decides to leave before the agreement ends, normally 6 month period, you have to cough up, its just like an insurance for the landlord :cheers2:

[tourerjim]

Simple you pay the rent for your son & all cost thereafter what can be more simpler! mind you don't I know what your occupation got to do with it.

[Vic.P]

I'm amazed they've used commas and full stops....wow!!! :) legal documents usualy leave you gasping for breath by the time you finnish their unpunctuated paragraphs :)

Looks like you may be signing away part of your bank balance if your son likes to party :)

[brin]

i also had to give a reference on headed paper from the company i work for stating that i earn more than 25k per anumn and they actually phoned them to check but how did they know it wasn't me that answered lol

[Mark_T]

Short summary is that whatever your son is liable to pay and does not pay, you will be expected to pay.

That could be damages to property, rent or anything else that is covered by the agreement your son is signing.

I would read that agreement as well and make sure he is not signing something he will have problems paying for as under these terms, his problems are your problems.

[brin]

[quote=Vic.P;554031]I'm amazed they've used commas and full stops....wow!!! :) legal documents usualy leave you gasping for breath by the time you finnish their unpunctuated paragraphs :)

Looks like you may be signing away part of your bank balance if your son likes to party :)[/quote]

you certainly know how to cheer someone up thanks:(

best do a reggie perrin then.:)

[tourerjim]

[quote=Mark_T;554036]Short summary is that whatever your son is liable to pay and does not pay, you will be expected to pay.

That could be damages to property, rent or anything else that is covered by the agreement your son is signing.

I would read that agreement as well and make sure he is not signing something he will have problems paying for as under these terms, his problems are your problems.[/quote]
Also take pictures of the rooms & anything that could stand you in good stead when day comes that he gives the flat up' relations of ours had to rent for 9 months whilst they were waiting to move into there own home & were made to pay for the stair carpet that was half worn out from when they moved in but never took a picture so they were forced to pay 176 quid to the landlord.

[Tommy]

As stated if he defaults on the tenancy agreement; which also check if you signing as guarantor, you are basically liable for all loss to the landlord caused by the tenant.

Make sure your deposit is paid into a recognised deposit scheme.

Any landlords out there make sure your paying your tenants deposits into recognised schemes otherwise you create an assured tenancy (as opposed to a shorthold) which basically means that unless the tenant(s) breaches the agreement you basically cant get them out.

[Tommy]

Good advice from Tourerjim!

[brin]

[quote=tourerjim;554041]Also take pictures of the rooms & anything that could stand you in good stead when day comes that he gives the flat up' relations of ours had to rent for 9 months whilst they were waiting to move into there own home & were made to pay for the stair carpet that was half worn out from when they moved in but never took a picture so they were forced to pay 176 quid to the landlord.[/quote]

very difficult to prove with pics but if he inspects the property with the landlord and they makes notes and both sign it that might work