HOW DOES REFERENCING A GUARANTOR WORK?

A 1: A LANDLORD CAN REQUEST A GUARANTOR FOR ANY APPLICANT AT ANY TIME

A Guarantor can be requested by a Landlord for a particular Applicant at any time after an application is created by the Landlord or by a Lead Applicant.

 

A 2: RENTR NOTIFIES THE APPLICANT WHEN A GUARANTOR IS REQUESTED FOR THEM

Rentr notifies the Applicant (for whom guarantor was requested) that a Guarantor has been requested.

 

A 3: LANDLORDS CAN REFERENCE GUARANTORS

The process with HomeLet is the same for Guarantors as for Applicants: once Guarantor information is available in Rentr, simply tap ‘Request a Guarantor’ to start the service.

 

A 4: A LANDLORD CANNOT USE RENTR TO REQUEST HOMELET REFERENCING FOR A GUARANTOR AT ANY TIME

Rentr only allows Landlords to request HomeLet Referencing for Guarantors of Applicants who have already been Referenced.

 

A 5: GUARANTORS MUST BE REFERENCED USING THE SAME PRODUCT AS THE APPLICANT THEY GUARANTEE

Rentr requires the HomeLet referencing product to be the same for both an Applicant and their Guarantor.

 

A 6: CHECK THE HOMELET PRODUCT DETAILS BEFORE REFERENCING A GUARANTOR

If you are using the Insight product, HomeLet will never recommend you also have a Guarantor for that Applicant.

 

A 7: APPLICANTS ADD GUARANTOR INFORMATION TO RENTR, NOT LANDLORDS

When Landlord requests a Guarantor for an Applicant then the Add Guarantor button is enabled on that Applicant’s information on the Application screen.

Only the Applicant for whom a Guarantor has been requested can add their Guarantor information.

Applicants can Tap on the button and add Guarantor information for as many Guarantors as they would like to provide.

Note: users adding others’ information into Rentr must check with and confirm that they have permission to do so, or they are in breach of Rentr’s terms of use.

 

A 8: APPLICANTS CAN ADD AS MANY GUARANTORS AS THEY LIKE.

It is up to the Landlord to decide who they want to consider the valid Guarantor.

Note: users adding others’ information into Rentr must check with and confirm that they have permission to do so, or they are in breach of Rentr’s terms of use.

 

WOW! THAT’S AWESOME – I CAN INCLUDE MY WHOLE FAMILY!

It sure is. However: do make sure that you have discussed their role as your Guarantor before adding them to Rentr as all Guarantors on the Application when an Agreement is formed will have to sign Guarantor Agreements with the Landlord before the Tenancy will be legally binding.

Note: users adding others’ information into Rentr must check with and confirm that they have permission to do so, or they are in breach of Rentr’s terms of use.

By | 2017-02-22T11:04:57+00:00 August 17th, 2016|0 Comments

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