The decision to ask an applicant for rent in advance for the entire fixed term of the tenancy (typically 6 months) or a guarantor before granting a tenancy is the landlords and will be based on the findings from the tenant referencing. One of these options may be obligatory if the landlord wants rent protection and legal expenses insurance.

Rent in advance for the entire fixed term of the tenancy

Used where the landlord is concerned about the applicant paying the rent

  • Applicant has failed the affordability assessment
  • Applicant has adverse credit
  • Applicant has poor credit score
  • Applicant has large amount of debt

Guarantor

Used where the landlord is concerned about the applicant complying with the terms of the Tenancy Agreement including paying the rent

  • Applicant has failed the affordability assessment, has adverse credit, has a poor credit score or has a large amount of debt but is unable to pay rent in advance for the entire fixed term of the tenancy
  • Applicant unable to provide satisfactory landlord reference e.g. first-time tenant, applicant living with family or friends, previous landlord seeking compensation from applicant or student let

Further Reading

Can a landlord ask an applicant to provide a guarantor and 6 months rent in advance? (Jungle Property blog)

What are the requirements for a guarantor? (Jungle Property blog)

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Should I ask the applicant for rent in advance or a guarantor?
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