Guarantor Deed Notes
3. Legal Effect
The Deed of Guarantee is a legally binding contract. If you do not fully understand it, you should consider seeking independent legal advice.
7. No Fixed Maximum
There is no maximum amount a guarantor may have to pay. Rent is fixed but compensation amounts, for example, for damage, losses or cleaning, cannot be predetermined.
9. Duration of Guarantee
The guarantee covers the full term, usually 11 or 12 months, and remains valid until all sums due at the end of the tenancy are settled.
Page updated 20 October 2025
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SpaLetting Quality Student Houses
Phone: 077 867 35253
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1. No Security Deposit Policy
We do not take a security deposit. This means tenants do not have to pay over £2,400 as a deposit. Instead each tenant must have a guarantor. There will be four guarantors for this tenancy. We do take a holding deposit.
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Please Read these Important Notes Before Completing the Deed of Guarantee
4. Financial Responsibility
Please consider whether the tenant can meet their financial obligations under the tenancy, particularly rent payments. As guarantor, you agree to take responsibility, if they do not.
5. Your Obligation
You agree to pay the landlord any rent or other money due under the tenancy if the tenant fails to do so. If the tenant breaches the tenancy and the landlord suffers loss, you must pay that loss if the tenant does not.
6. Joint and Several
There is more than one tenant and each is jointly and severally liable for all rent and obligations. This means if one tenant fails to pay the others must cover it. This is a normal arrangement for a student group tenancy agreement. Likewise, each guarantor is jointly and severally liable for the group's obligations.
8. Examples of Past Compensation
Although compensation is often not required at the end of the tenancy, examples of past payments include:
a) Clean to the original check-in standard.
b) Replace a stained mattress.
c) Replace missing keys, including fitting new locks
d) Repair or replace damaged or missing furniture
2. Track Record
As student landlords for over 23 years, we have rented to hundreds of student tenants. While past results are no guarantee of the future, we have never asked guarantors to pay rent or compensation for tenancy breaches.
Spaletting High Quality Student Houses
Terry and Maggie - North Leamington Spa Private Student Landlords
Leamington!©