Guaranty Form

This application related to the following described lease:

  • A. In consideration for Landlord leasing the Property to Tenant, the undersigned Guarantors guarantee the performance of all Tenants under the lease described below.

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  • (1) Guarantor's Name

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  • (2) Guarantor's Name

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  • Fees: Applicant submits a non-refundable fee for processing and reviewing this application and submits a security deposit, equal to one month rent, upon execution of a lease or returned to Applicant if a lease is not executed.

    Guarantors authorize Landlord and Landlords's agents to obtain a copy of Guarantors' consumer or credit reports and to verify relevant information related to each Guarantor's creditworthiness from banks, creditors, employers, existing and previous landlords, and other persons.

    Note: Landlord's broker maintains a privacy policy that is available upon request
  • B. If any tenant fails to make any payment under the lease, guarantors will, upon demand, make such payment to Landlord or Landlord's agent. Payments under the lease include but are not limited to rent, late charges, returned check charges, attorney's fees, repair costs, pet charges, utility charges, reimbursements to Landlord, maintenance charges, charges for the property damage, and other costs or charges specified in the lease. If tenant otherwise breaches the lease, guarantors will, upon demand: (1) cure the breach as the lease may require of Tenant; or (2) compensate Landlord for Landlords loss resulting from the breach.

    C. This guaranty applies when the lease commences and continues until the lease ends, including any extension or renewal of the lease. Guarantors waive any rights to receive notice of any acceptance, modification, amendment, extension, renewal, or breach of the lease.

    D. Guarantors are jointly and severally liable for all provisions of this guaranty.

    E. Any person who is a prevailing party in any legal proceeding brought under or related to this guaranty is entitled to recover attorney's fees from the non-prevailing party.

    Guarantors may request a copy of the lease from the Tenant or the broker to the lease
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