I did not understand your surety contract, but I doubt that you will be able to terminate your warranty at that time. If this is the case, the guarantor`s liability may exist as long as the rental agreement exists and only ends if the rental agreement ends legally: if the guarantee provides for coverage of “any extension or modification” of the rental agreement, it may be an unfair and unen applicable contractual term. On the Unfair Terms and Consumer Law page, you will find details on the legislation and guidelines on contract terms applicable before and after 1 October 2015. I am a guarantor of a family member who fell hard, they are now paid by Beneifits and are late in £400, I asked the estate agent and gave them 4 weeks notice of my Gaurantor mandate, the estate agency says I can`t get my name removed because they are late, How can I do it, It also depends on the wording of the warranty. For example, they can remain liable as long as the lease lasts and for possible rent increases. If this is the case, you are legally liable if the tenant does not make any of the promises he made in his lease before the expiry of the lease and remains liable for a period of six years from the date he broke his promise. For example, if the tenant does not pay last month`s rent, the landlord has 6 years from the date the rent was due to act against you and/or the tenant. A landlord must determine whether they are prepared to have the guarantors guarantee the original lease term or whether they want the guarantor to continue for the subsequent lease period. For the most part, everyone can be a guarantor. However, the owner also has the right to consider that any potential guarantor is not appropriate. While the lessor cannot force the tenant to find another guarantor, the lessor can refuse the rental on the basis of the candidate guarantor. This may be the case when the guarantor has a low income, does not pass credit checks, or is probably not able to cover the tenant`s liabilities.
One of the most important things to remember is that you should continue to communicate with the owners in case of a rental problem. If you do not keep the guarantor informed of the problems encountered and you go to court, the judge will not judge your case positively and may side with the guarantor. In addition to informing a guarantor, it is important to keep record of any correspondence or contact with the guarantor.. . . .