Guarantor responsibilities

Your guarantor guarantees all your payments as an occupant. Both the guarantor and their guaranteed occupant are liable for all obligations of the contract.

Guarantors must pay any unpaid fees, bills, or fines their guaranteed occupant fails to pay. This includes:

  1. their proportion of their contracted licence fee in full, and
  2. all costs incurred by loss, damage, claims, liabilities, legal fees, and other expenses as covered by the contract.

Guarantee period #

The agreement comes into effect after:

  1. all occupants and the property owner sign the contract, and
  2. all guarantors and the property owner sign the Deed of Guarantee.

Guarantors remain liable for the occupants outstanding payments throughout the full term of the agreed occupancy period. The liability remains in place if the guaranteed occupant:

  1. vacates the property early (unless replacement contracts are signed by a new occupant and the leaving student pays all overdue fees), or
  2. extends the occupancy period.

Agreement changes #

The existing Deed of Guarantee remains in place unless the guarantor is asked to sign a new contract.

Death and bankrupcy #

Guarantors remain liable for all costs, fees, and expenses in all eventualities even if the occupant dies or is declared bankrupt.

If the guarantor dies or is declared bankrupt, the guarantee is cancelled or moves to the next guarantor where the occupant has more than one.

Please seek legal advice to fully understand your obligations as a guarantor so you can make appropriate preparations.

Failure to sign #

The whole occupancy agreement is void if one or more occupants or one or more guarantors fail to sign their contract. The property will be allocated another group or re-advertised as necessary.