VIEWS: 38 PAGES: 7 CATEGORY: Real Estate POSTED ON: 12/20/2011
This Residential Lease Guaranty and Guarantor Application is used where a guarantor guarantees the performance of the tenant under a residential lease agreement. It provides that if the tenant fails to make any payments or otherwise breaches the lease, the guarantor will make such payments to the landlord or cure the tenant's breach. This document contains both standard clauses as well as opportunities for customization to ensure that the understandings of the parties are properly set forth. A guarantor application is also included for the landlord to obtain detailed information about potential guarantors. This document should be used by a landlord and tenant located in Arkansas when entering into a lease with a guaranty provision.
"Arkansas Residential Lease Guaranty and Guarantor Application"