Fillable Printable Guarantor Agreement - Campus Hill

Guarantor Agreement - Campus Hill

Guarantor Agreement

In consideration of, and to induce the execution and delivery of that certain Lease Agreement (the “Lease”) between

Mountain Hawk Apartment

Investors, LLC

(the “Landlord”) and __________________________________ (the “Resident”) as applicable with respect to premises located at

Campus Hill Apartments Bethlehem, Pennsylvania, the undersigned (Guarantor) jointly and severally and coextensively with Resident hereby

unconditionally, absolutely and without limitation in time or amount, guarantee to the aforesaid Landlord the full and timely payment of all

rent and other covenants, terms and conditions of the Resident inuring to the Landlord under said Lease, all holdover periods, New Leases (as

defined in the Lease), renewals, or extensions thereof. Said guaranty shall include the payment of Landlord's expenses, including but not

limited to attorney's fees, incurred in enforcing this Guaranty.

This Guaranty shall be a continuing Guaranty, not affected or diminished by any indulgence or extension of time that may be granted by the

Landlord to the Resident or by any amendment or modification of the Lease, or by the Resident's discharge in bankruptcy or by any assignment

or subletting of the Lease. The validity or enforceability of this Guaranty shall not be affected by the invalidity or unenforceability of this Lease,

including any defense that Resident lacks sufficient legal capacity to enter into the Lease.

Any notice or demand to the Resident concerning any default or the exercise of any remedy of Landlord shall ipso facto be notice to the

undersigned. The Landlord is not obligated, under the terms of this Guaranty, to seek or exhaust its remedies for default against the Resident

before recovering hereunder from the undersigned, and neither the release of any guarantors or release of any security for the Resident's

obligations under the Lease shall constitute a defense to Landlord's recovery hereunder as to any party not expressly released.

The undersigned acknowledges full knowledge of the terms and provisions of the Lease. This Guaranty shall be binding upon the heirs, personal

representatives and assigns of the undersigned, and inure to the benefit of the Landlord's successors and assigns. Guarantor hereby waives the

right to trial by jury in any action or proceeding that may hereafter be instituted by Landlord in respect of this Guaranty and hereby irrevocably

appoints Resident as its agent for service of process related to this Guaranty. Guarantor waives the benefit of any statute of limitations

affecting Guarantor's liability under this Guaranty. The Lease and this Guaranty shall be governed by and interpreted under the laws of the

state of Pennsylvania.

Acknowledgement: You authorize Campus Hill Apartments to verify your credit history and monthly income through any means, including

consumer reporting agencies. You acknowledge that you had an opportunity to review our rental criteria, lease, and associated documents.

You understand that if you fail to answer any question or give false information, Landlord has the option to declare the lease in default, collect

accelerated rent charges equal to the total outstanding rental payments due outlined in the lease agreement and terminate right of Resident

occupancy. Landlord may also retain all fees and deposits as liquidated damages for our time and expense. Giving false information is a serious

criminal offense. Fax signatures are legally binding.

Guarantor understands that if Guarantor does not meet the benchmarks outlined in our rental criteria and/or pass our credit screening

Resident will have fifteen (15) days from signing the lease agreement to pay a “conditional qualifying guarantor fee” of $300.00, if applicable

and as described in Landlord’s rental criteria form; pay the “non-qualifying guarantor fee” of $500.00; or provide a new Guarantor that

meets Landlord’s requirements. If Resident fails to produce a qualified guarantor and does not pay applicable qualifying fees this does not

automatically terminate the Lease, but Landlord has the option to terminate the Lease immediately and collect from Resident accelerated

rent damages up to the total contract value outlined above in addition to associated damages including legal and processing fees.

Applicant and one guarantor screening per applicant are included in application fee. If additional guarantor screenings are required

Applicant will pay a fee of $25 per additional screen. By signing below Guarantor understands that Landlord has the right to screen

their credit history.

___________________________________________________ __________________________________________________

Guarantor’s Printed Name Guarantor’s Signature Date

________________________ ________________________ __________________________________________________

Resident’s Name Resident’s Apartment Guarantor’s Street Address

________________________ ________________________ __________________________________________________

Relationship to Resident Date of Birth City State Zip

___________________________________________________ __________________________________________________

Social Security # (required to be a qualified guarantor) Email Address

_______________________ ________________________ _______________________ ________________________

Cell Phone # Home Phone # Work Phone # Other Phone #