Guarantors

The new APT from TFP does not include any guarantor obligations. Instead, there is a new document the “Guarantor’s Agreement”.

Quote from TfP :

This is because of a court case, Wingfield v de St Croix 1919 where it was held that a guarantor on a periodic agreement had the right to give “reasonable” notice. What we have now done is make the guarantor separate agreement and for a fixed term, including agreeing for rent increases of up to 10% per annum.

We feel this is the best available option for guarantors in the new world and the guarantor is not able to give notice during the 5 years and you don’t have to get their approval every time you want to increase the rent.

The APT package now includes this new document but it will not be used if the tenancy has no guarantors.

If you print the APT as a document rather than in a package, Rentman will automatically generate the Guarantor’s Agreement if there are guarantors on the tenancy.

Version 5.003.412 of Rentman will automatically update your documents and the APT package.