Mortitia Posted June 25, 2009 Report Share Posted June 25, 2009 Hi all, A friend at my gym asked that if I was renting to under 19's would I ask for a guarantor - yes I would but she had also been asked to sign a standing order in favour of the landlord of her daughter in case damamges were done to a flat where 5 girls were sharing. This is in addition to deposit and the rent. The landlord would immediately take payment for the damage from the parents of the girls under this system. I advised her not to go ahead but does anyone else do this? It is a new strategy on me. What do you all think? Mortitia Link to comment Share on other sites More sharing options...
Simon Dewsberry Posted June 25, 2009 Report Share Posted June 25, 2009 ????????? A standing order is not the same thing as a variable direct debit. A standing order is an instruction from one to their bank to send to a nominated acc a sum of money on a dated basis - it is not a system where 3rd party can come and empty or indeed remove any funds from your acc. Either you or your friend is confused here??? Link to comment Share on other sites More sharing options...
Mortitia Posted June 29, 2009 Author Report Share Posted June 29, 2009 I think she must mean a variable direct debit. I thought this was like signing a blank cheque - especially with 5 sharing. Mortitia Link to comment Share on other sites More sharing options...
Melboy Posted June 30, 2009 Report Share Posted June 30, 2009 I wouldn't rent my flat to 5 girls under 19 in the first place. Talk about asking for trouble in the future. Prepare a space on this Forum for details of how it all went wrong........lol Mel. Link to comment Share on other sites More sharing options...
Trenners Posted July 2, 2009 Report Share Posted July 2, 2009 Hear hear - well said Melboy - when I was thirty years younger I dreamt of going to a party hosted by 5 nineteen year old females ...... Then I woke up and the place was trashed ....... Are you mad ...... your investment property is one of your most valuable assets ...... I would not let to ANYONE under twenty three ..... Good luck (because you are going to seriously need it) !! Mark Link to comment Share on other sites More sharing options...
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