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Free Lease Guaranty FormFound a guarantor to back your lease and need a form for it? Our free lease guaranty form will help to tie this guarantor to your lease agreement and give you an added peace of mind.Before Using Our Lease Guarantee Form, You Should Know These FactsIf you are a landlord, having someone else promise to pay the rent and other bills in case of default is always a good thing. Just make sure that you put in the effort when screening your guarantors. Have them fill in a Lease Guarantor Application and don't forget to run a credit check on them as well. If you are a tenant, this guarantee of lease works in your favor too... especially you don't have much of a rental history or a credit score that you can be proud of. Having a guarantor stand behind you may just sway the landlord's decision to accept you as a tenant. If you already have a stable income and respectable scores, this grants you the clout to ask for a lower rent. * While we work hard to make sure that our lease guarantee is helpful, you must edit it according to your own needs and local real estate law. Always seek legal help when in doubt. Lease GuarantyIn consideration for the Landlord leasing the Property to the Tenant, the undersigned Guarantor(s) guarantee the performance of all Tenants for the Lease described below: Landlord: __________________________________________________ Tenant(s): __________________________________________________ Property: _____________________________________________________________________ Starting Date of Lease: ____________________ 1. Guaranteed Payments: If any Tenant fails to make any payment under the Lease, the Guarantor(s) will be responsible for making such payments to the Landlord or the Landlord's agent. Payments under the Lease include but is not limited to rent, late rent fees, utility bills, repair costs, maintenance costs, pet charges, legal fees and other costs specified in the lease agreement. 2. Lease Modification, Extension or Renewal: If the Lease is modified or extended / renewed beyond its original duration, this Guaranty will continue to apply to such Lease modification, extension or renewal. The Guarantor(s) hereby waives the right to approve or to be given notice of any Lease modification, extension or renewal. The Guarantor(s) may request a copy of the lease agreement from the Tenant at any time. 3. Joint and Several Liability: If there is more than one Guarantor, then all Guarantors are jointly and severally liable under this Guaranty. 4. Landlord's Legal Expenses: The Guarantor shall pay for all legal costs and lawyer fees incurred by the Landlord in enforcing this Guaranty. 5. Validity: If any term of this Guaranty is held to be invalid, it shall not affect the validity of any other term in the Guaranty. 6. Additional Terms and Provisions: ________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Guarantor Name: ______________________________ Guarantor Signature: ______________________________ Date: _______________ Guarantor Name: ______________________________ Guarantor Signature: ______________________________ Date: _______________ Return from Lease Guaranty to Free Landlord Forms
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