Fillable Printable Guarantor Agreement Template

Guarantor Agreement Template

Guarantor Agreement

I, (name of guarantor), agree to be the guarantor for the (utility type) service provided by (name of

utility company) for (customer’s name) at the service address of (location).

As the guarantor for (customer’s name), I agree to be obligated for charges for the (type of utility)

services provided to the guaranteed customer, (customer’s name), through the date of

termination of the guaranty.

I understand that the company will send a notice to me when the customer requests to transfer

service to a new location.

I understand that the company will also send to me all disconnection notifications sent to (name

of customer), unless I affirmatively waive that right.

If (customer’s name) defaults on the account, I will be held legally responsible for and agree to

pay the defaulted amount. As guarantor, I understand that the defaulted amount may be

transferred to my account and that my service may be subject to disconnection, if the transferred

amount remains unpaid for thirty days. I understand that this amount will not be more than the

amount of the bill for sixty days of service.

I understand that I may terminate this guarantor agreement upon thirty days’ written notice to

(name of company). I also understand that, if I terminate this guarantor agreement, (customer’s

name) may be required to reestablish creditworthiness when I terminate the guaranty.

I understand that the company shall annually review the account history of each customer who

has provided a guarantor. Once (customer’s name) satisfies the requirements for the release of a

guarantor, as stated in Rule 4901:1-17-06, of the Ohio Administrative Code, (name of company)

shall, within thirty days, notify me in writing that I am released from all further responsibility for the

account.

I agree to be a guarantor for (customer’s name).

(signature of guarantor)

I waive the right to receive all disconnection notices regarding (customer’s name) guaranteed

service.

(signature of guarantor)