Sometimes, for a number of reasons, it may be neccessary for a tenant to have a guarantor. Essentially, this means a second person signs the tenancy agreement as a form of insurance — in the event of the tenant failing to pay the rent, the guarantor is obligated to step in.

This provides peace of mind to the letting agent and landlord in circumstances where the tenant's employment may be in jeopardy, their credit history is poor or for any other reason it seems more likely than normal that the tenant may not keep up rent payments.

As a guarantor, you will need to pass a reference check. The guarantor wouldn't be worth much as a form of insurance if they themselves were unemployed or not financially able to support the rent.

As such all guarantors need to be referenced to verify that they're financially suitable to stand as a guarantor.

It's a simple process and doesn't usually take more than 10 minutes of your time. In 95% of cases there's nothing to worry about.

In the vast majority of cases the guarantor in a tenancy actually has to do nothing.

The guarantor is there as a form of insurance to provide peace of mind to the landlord and letting agent. In the unlikely event that the tenant ceases to pay the rent, the guarantor would be legally liable to pay in their place.

Although this is very rarely neccessary, it is non the less a fairly serious legal commitment from the guarantor, and should not be taken lightly.