Personal Guarantee of Rent
and Performance of Lease Conditions
The undersigned hereby agrees that (name of applicant) ___________________________________________________ (hereinafter known as Tenant)
will pay all rent when due and perform all of the terms and conditions to be performed pursuant to the Lease Agreement entered into by and between
xxxxxxx and/or their assigns and Tenant for the following property:
Property Address: ____________________________________________________________
Total Rent: $____________________
Upon failure of Tenant to perform all conditions of the lease agreement which include, but are not limited to, payment of rent and payment of damages
and/or cleaning fees in excess of the security deposit the undersigned will perform the same.
The lease agreement is a joint and several agreement and we understand that xxxxx and/or their assigns is not in a position to determine
individual responsibility. This guarantee is for the full amount of rent, damages and/or legal fees. This can include rent through the end of the lease if
Tenant fails to perform all conditions of the lease. All guarantors of the property have the same responsibility for the full payment, not a pro-rated share.
Any excess payments will be refunded. If a roommate does not have a guarantor it is the responsibility of the Tenant(s) to notify their guarantors, not
xxxxxx and/or their assigns. In addition, in the event an action is brought to require performance of the above stated conditions, the prevailing
party may be entitled to recover reasonable attorney’s fees and court costs. Any action, which may be required, will be held in the court of jurisdiction in
the xxxxxxarea.
This form is for guarantee of lease payment only. It does not make you a party to the lease agreement. This means that we will only respond
to inquiries and demands directly from Tenants.
I have read the above terms and conditions and hereby agree to be bound by them. Furthermore, I agree to allow xxxxx and/or their
assigns to complete credit check and income verification. I also agree that this guarantee can only be canceled with the written concurrence
of xx?x?xx and/or their assigns. As required by law, you are hereby notified that a negative entry on your credit report may be
submitted to a credit-reporting agency if you fail to fulfill the terms of this obligation.
Dated:_________________________________ Signature of Guarantor:_______________________________________________________________
Relationship to applicant:____________________________ Please print Guarantor’s name:_______________________________________________
Address:______________________________________________ City:______________________________ State:_______ Zip:__________________
Home phone: (______)_____________________________ Social Security #: __________________________________________________________
Driver’s License #: ________________________________ State: ________________________ Date of birth: ________________________________
Employer: _______________________________________ Position: ________________________________ How long?: _______________________
Work phone: (______)______________________________ Gross monthly income: _____________________________________________________
