Guarantor and how to go after them

[NassirNathoo]

Hello All,
During the lease sign, i had a guarantor sign the papers as well and obtained his address, and his driving license #.
Based on your experience, In case of an issue, how to go after the guarantor?
Thanks
Nassir

 

[invst4profit]

You would treat them the same as a tenant. Serve them with the same RTA/LTB notices, along with tenant, and take to small claims court if necessary. Through small claims court garnish wages for none payment.
Do you have the guarantors place of work.

 

[Thomas Beyer]

QUOTE (NassirNathoo @ Dec 17 2009, 11:17 PM) During the lease sign, i had a guarantor sign the papers as well and obtained his address, and his driving license #.
Based on your experience, In case of an issue, how to go after the guarantor?
you hire a lawyer and persue a claim. Sometimes a sharply written letter will do.

 

[housingrental]

Hi Nassir
Good advice above
I don`t know where you are in the process or the specific issues but if you haven`t yet and its just an NSF cheque or something of that nature give a call to the guarantor first before getting overly aggressive and offending someone you might be dealing with for awhile. A good chunk of the time the guarantor will be fast to issue payment on defaulting tenant.

 

[Thomas Beyer]

QUOTE (housingrental @ Dec 18 2009, 12:59 PM) .. A good chunk of the time the guarantor will be fast to issue payment on defaulting tenant.
i.e. parents !!

 

[housingrental]

Exactly Thomas!