A guarantor agreement and a deposit are often considered an important safety-net for landlords to recover costs owed under the tenancy agreement. If a guarantor is linked to the tenancy, the landlord may wish to pursue the tenant and guarantor or only the guarantor for the outstanding costs and this could potentially reduce delays and loss.
legislation change
For years both Landlords and Letting Agents have implemented ‘No DSS’ or ‘No benefits’ policies in which agents would refuse to accept applicants in receipt of benefits. Previously, there was no direct law preventing Landlords from doing so, but that is set to change with the introduction of rental reform.