Fillable Printable Guarantor Agreement

Guarantor Agreement

In the matter of the tenancy of the residential premises known as:

_________________________________________________

And in the matter of the tenant(s) known as:

____________________________________

1. I/We _________________________ (the Guarantor) of the city of _______________ do

herewith guarantee the rental payments for _________________ (the Tenants) for the

premises described as _______________________, Toronto, ON (the premises). This

guarantee shall survive the expiration of any tenancy agreement entered into between the

Landlord and the Tenants and shall continue in full force and effect during any over

holding period. The greater certainty, in the event that the Tenants are or become

monthly Tenants, the Guarantor hereby irrevocably covenants and agrees to guarantee

the rental payments of the Tenants for as long as they are occupying the premises.

2. In the event that the Tenants fail to pay rent in accordance with the tenancy agreement

whether written, oral, or implied and Notice of Termination for nonpayment of rent has

been issued, the Guarantor hereby covenants and agrees to pay any and all

disbursements including any fee paid by the Landlord pursuant to the collection of the

arrears of rent.

3. The Guarantor hereby covenants and agrees to guarantee the payment of any damage

caused by the Tenants or their guests either wilfully or negligently.

4. In the event that the Tenants fail to rectify the damage caused or fail to pay for the

damages, the Guarantor hereby covenants and agrees to pay the Landlord directly for the

said damages.

5. The Guarantor hereby covenants and agrees to complete that portion of the Landlord

application for tenancy which relates to the Guarantor and hereby covenants and agrees

to update same on an annual basis on the form prescribed by the Landlord.

6. In the event that legal proceedings are commenced against the Tenants herein, the

Guarantor hereby covenants and agrees that all processes and documents to be served

upon myself by the Landlord shall be deemed to be served by the Landlord by serving

same to the Tenants and it shall be the responsibility of the Tenants to ensure that the

said documents are forwarded to the Guarantor. The Guarantor further saves and holds

the Landlord harmless in the event that the Tenants of the premises do not forward or

otherwise notify the Guarantor of the service of any such documents.

7. The Guarantor hereby covenants and agrees that this Guarantee is applicable to any

arrears of rent that may become due as a result of an order of the Ontario Rental Housing

Tribunal or any Court of competent jurisdiction.

The Agreement is binding on the Guarantors, administrators, heirs, assigns and executors

for so long as the Tenants remain in possession of the premises whether pursuant to a

lease agreement or as monthly Tenants.

In order to provide the Tenant with rental premises and property management services, the Guarantor

understands that personal information will be collected about the Tenant and the Guarantor. The Guarantor

acknowledges that the Landlord has provided the Guarantor with the whereabouts of the Landlord’s Privacy

Policy and the Guarantor has had the opportunity to review such policy about the

collection, use and disclosure of personal information, steps taken to protect the information and the right to

review personal information. The Guarantor consents to the Landlord collecting, using, disclosing and

updating such personal information for the purposes outlined in the Privacy Policy which include the primary

purposes of providing satisfactory rental premises to the Tenant and collecting payment therefore from the

Tenant and/or Guarantor (by using a third party service provider or otherwise).

In evidence of the foregoing agreement the parties hereto have executed this agreement:

________________________ ____________________________ _______________

Witness Landlord’s Agent Date

________________________ _____________________________ _______________

Witness Guarantor Date

The Guarantor herewith acknowledges receipt of an executed copy of this agreement:

________________________ _____________________________ _______________

Witness Guarantor Date