Alex Watts : Hello my name is XXXXX XXXXX I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply, but rest assured I will be giving your question my immediate attention upon return You do not need to wait here as you will get an email when I reply.
Alex Watts : Is the landlord pursuing this other tenant please?
Customer: landlord has stopped pursuing other tenant.
Alex Watts : Ok. It's bad news.
Alex Watts : As guarantors you are joint and severally liable.
Alex Watts : This means all 3 of the guarantors are liable for the debt.
Alex Watts : It makes no difference that the fourth tenant did not have a guarantee. You 3 are all liable.
Alex Watts : Your only course of action is to pay the debt and then pursue the fourth tenant for the arrears.
Alex Watts : But the landlord does not have to as you have guaranteed payments to the agreement.
Alex Watts : I know this seems unfair and I agree it is, but with only 3 guarantors you are joint and severally liable.
Alex Watts : I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest.
Alex Watts : Can I clarify anything for you about this today please?
Customer: Thanks for the straight answer so nothing further is required thank you.