The current position
A Rent Guarantee Agreement runs for a fixed guarantee period of up to 3 years. It does not automatically renew or extend when the guarantee period ends.
If the tenancy continues
If the tenancy continues beyond the guarantee period, the landlord and tenant are no longer protected under the original agreement. To maintain protection, the tenant would need to submit a new application through Rentmigo. This would involve a new assessment, a new Rent Guarantee Agreement, and a new payment.
If circumstances have changed
A new application means the tenant's current financial position is reassessed. Approval is not guaranteed, even if the tenant was previously approved. Changes in income, credit profile, or other factors may affect the outcome.
Early conversations
If you know your guarantee period is approaching its end date and you would like to explore renewal, we recommend getting in touch early. Contact our support team via live chat or at [email protected] so we can advise on the process and timing.