Residential Lease
Gauranty & Guarantor
Application
This Residential Lease Guaranty & Guarantor Application is intended to be
ocstoc Legal Agreements
used where the Guarantor/s guarantees the performance of all terms and
conditions under a Lease by the tenants and the Guarantor/s liabilities
resulting from the breach of Lease.
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WARRANTY, INCLUDING AS TO LEGAL EFFECT OR COMPLETENESS. They are for guidance and should be
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Entire document © Docstoc, Inc., 2010, 2011
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1
Attorney Drafted
RESIDENTIAL LEASE GUARANTY
1. LEASE DESCRIPTION: In consideration for Landlord’s leasing the Property to Tenant,
the undersigned Guarantors guarantee the performance of all Tenants under the lease
(hereinafter the “Lease”) as described below:
Landlord(s): _________________________. [Instruction: Insert the name/s of landlord/s]
Tenant(s): __________________________. [Instruction: Insert the name/s of tenant/s]
Property:
___________________________________________________________________________
___________________________________________________________________________
[Instruction: Insert proper address and description of the property]
Commencement Date: ____ [Month] ____ [Date], 20____.
Expiration Date: ____ [Month] ____ [Date], 20____.
Monthly Rent: _______ ($___) [Instruction: Insert the monthly rent E.g., Fifty dollars
only ($ 50)].
2. PAYMENTS: 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 property damage, and other costs or charges specified in the Lease. If
Tenant otherwise breaches the Lease, Guarantors will, upon demand:
a. cure the breach as the Lease may require of Tenant; or
b. compensate the Landlord for Landlord's loss resulting from the breach.
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3. DURATION AND NOTICES: 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.
4. JOINT AND SEVERAL LIABILITIES: Guarantors are jointly and severally liable for all
provisions of this guaranty.
5. ATTORNEY’S FEES: Any person who is a prevailing party in any legal proceeding
brought under or related to this Lease is entitled to recover reasonable attorney's fees from
the non-prevailing party.
6. SEVERABILITY: If any term of this Residential Lease Guaranty is held by a court of
competent jurisdiction to be invalid or unenforceable, then this Residential Lease Guaranty,
including all of the remaining terms, will remain in full force and effect as if such invalid or
unenforceable term had never been included.
7. APPLICATION TO VERIFY CREDITWORTHINESS: [Instruction: Mark “X” next
to the applicable statement]
Guarantors’ _____ will or _____ will not submit an application which authorizes Landlord or
Landlord's agent to verify information related to Guarantors' creditworthiness.
8. SPECIAL PROVISIONS:
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
[Instruction: Insert any special provision if required]
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Guarantor/s may request a copy of the above-referenced Lease at any time from the Tenant or the
broker to the Lease.
_________________________________________ ____ [Month] ____ [Date], 20____.
[Instruction: Insert the signature of Guarantor#1]
________________________________________________
[Instruction: Insert typed/printed name of Guarantor#1]
_________________________________________ ____ [Month] ____ [Date], 20____.
[Instruction: Insert the signature of Guarantor#2]
________________________________________________
[Instruction: Insert typed/printed name of Guarantor#2]
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APPLICATION FOR GUARANTOR OF RESIDENTIAL LEASE
This application relates to the following described Lease:
Landlord(s): _________________________. [Instruction: Insert the name/s of landlord/s]
Tenant(s): __________________________. [Instruction: Insert the name/s of tenant/s]
Property:
___________________________________________________________________________
___________________________________________________________________________
[Instruction: Insert proper address and description of the property]
Commencement Date: ____ [Month] ____ [Date], 20____.
Expiration Date: ____ [Month] ____ [Date], 20____.
Monthly Rent: _______ ($___) [Instruction: Insert the monthly rent E.g., Fifty dollars
only ($ 50)].
[Instruction: Insert the overall personal details of Guarantor #1]
1. Guarantor's name: ________________________
Address: _________________________________
E-mail: __________________________________
Home Phone: _____________________________
Work Phone: _____________________________
Mobile/Pager: ____________________________
Social Security Number: ___________________
Driver License Number: ________________ in ________ [Instruction: Insert the State]
Date of Birth: ____ [Month] ____ [Date], 20___
Height: _________________________________
Weight: _________________________________
Eye Color: _______________________________
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Hair Color: ______________________________
Marital Status: ___________________________
Citizenship: ______________________________ [Instruction: Insert the Country]
[Instruction: Insert the employment details of Guarantor #1]
Employer: _______________________________
Employer's Address: ______________________
Supervisor's Name: _______________________
Phone: __________________________________
Fax:____________________________________
Start Date: _______________________________
Gross Monthly Income: ________ ($___)
Position: ________________________________
[Instruction: Insert the overall personal details of Guarantor #2]
2. Guarantor's name: ________________________
Address: _________________________________
E-mail: __________________________________
Home Phone: _____________________________
Work Phone: _____________________________
Mobile/Pager: ____________________________
Social Security Number: ___________________
Driver License Number: ________________ in ________ [Instruction: Insert the State]
Date of Birth: ____ [Month] ____ [Date], 20___
Height: _________________________________
Weight: _________________________________
Eye Color: _______________________________
Hair Color: ______________________________
Marital Status: ___________________________
Citizenship: ______________________________ [Instruction: Insert the Country]
[Instruction: Insert the employment details of Guarantor #2]
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Employer: _______________________________
Employer's Address: ______________________
Supervisor's Name: _______________________
Phone: __________________________________
Fax: __________________________________
Start Date: _______________________________
Gross Monthly Income: ________ ($___)
Position: _________________________________
Guarantors submit the following non-refundable fee(s) for processing and reviewing this
application: ________ ($___) [Instruction: Insert the amount E.g., Fifty dollars only ($ 50)]
for Guarantor#1 and ________ ($___) [Instruction: Insert the amount E.g., Fifty dollars only
($ 50)] for Guarantor#2.
Guarantors authorize Landlord and Landlord'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.
________________________________________ ____ [Month] ____ [Date], 20____.
[Instruction: Insert the signature of Guarantor #1]
______________________________________________
[Instruction: Insert typed/printed name of Guarantor #1]
________________________________________ ____ [Month] ____ [Date], 20____.
[Instruction: Insert the signature of Guarantor #2]
______________________________________________
[Instruction: Insert typed/printed name of Guarantor #2]
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