From Wednesday 14 May 2025 letting agents are required to check landlords, tenants and guarantors by making anti money laundering (AML) checks
One of the seismic changes for landlords and letting agents this year will be when the Renters’ Rights Bill bans taking rent in advance.
One in five private renters had to provide a guarantor when moving into their current property - equating to 940,000 households - according to the latest English Housing Survey.
Guarantors in rental agreements provide financial security for landlords. Understand their role, responsibilities, and tips for both parties.
