Do you need an application form for your rent guarantor? Our lease guarantor application form will help you both time and money when it comes to screening your guarantors.
Attention Landlords: Guarantors are not just a back up or reserve player for the lease - When things turn sour, your rent guarantor is often the *only* real back up you will have. Hauling your tenant to court is a draggy affair and can end up fruitless... especially if the tenant has no money left to pay you back.
That's why screening your lease guarantors is not a recommendation, it's a must.
Never approve a guarantor without first running a credit check on them. A credit report is the key that unlocks critical information... such as how much debt the guarantor owes and whether he or she has been paying the bills on time. You can run reliable credit checks on guarantors with a popular tenant screening site such as Tenant Verification Service or E-Renter.
Just a quick reminder for any guarantors who are reading this - If the tenant takes off or simply refuses to pay up, you will be forking out money for everything that he or she chalks up - unpaid rent, repair bills and even legal fees.
*Done with your homework and absolutely thrilled with the guarantors? Then have them sign this Lease Guaranty Form to tie them to your lease agreement.
Please fill in this application form completely. Every guarantor applicant has to fill in a separate form.
Full Name: _________________________
Birth Date: _______________
Relationship to Tenant: ____________________
Contact Number: _________________________
Email Address: ____________________
Driver's License Number: _______________
Social Security Number: _______________
Do you own or rent the above property? [ ] Own [ ] Rent
Monthly Payment: $_____
Landlord / Mortgage Lender: _________________________
Duration of Stay: _______________
Landlord / Mortgage Lender Contact Number: _________________________
[ ] Full Time [ ] Part Time [ ] Student [ ] Unemployed
Current Employer: _________________________
Duration of Employment: _______________
Employer Contact Number: _________________________
Monthly Salary: $__________
I declare that all the information above is accurate and complete. I understand and agree that if any of the information is found to be false or incomplete, the landlord will have the right to reject this application and terminate the lease agreement with immediate effect.
I hereby authorize the landlord to run any credit check on me and to verify any of the information above with relevant third parties such as landlords, employers, banks, creditors or other persons.
Guarantor Name: _________________________
Guarantor Signature: _________________________