Fillable Printable Sample Form for Guarantor Agreement

Sample Form for Guarantor Agreement

GUARANTOR (CO-SIGNOR) AGREEMENT

Addendum to Rental Agreement

This Agreement is an Addendum and part of the Rental Agreement dated

between Landlord and Resident

for the property located at ,

The undersigned Guarantor, in consideration of Landlord renting the premises to Resident(s), unconditionally

guarantees the following:

1) the prompt payment of all rent and/or other charges which may become due under the Rental

Agreement, including any and all court costs and attorney fees incurred to enforce the Rental

Agreement, and;

2) the prompt payment to the Landlord of the costs to repair any and all damages to the premises for

which the Resident(s) are liable, including the repair of replacement of fixtures, furniture, and

appliances.

This Guarantor (Co-Signor) Agreement shall be for the duration of the original term of the Rental Agreement,

and any extensions or renewals thereof and for so long as any of the Renter(s) occupy the premises, and shall

continue until Landlord has been paid all rent due under the Rental Agreement, or until the Landlord has been

paid for any and all damages to the premises, its fixtures, furniture, and appliances for which the Resident(s)

are liable.

Guarantor agrees to remedy any default of Resident(s) upon Three (3) Days written notice mailed by ordinary

first class mail to the Guarantor at either their residence or business address listed below. Guarantor

acknowledges and agrees that service of any notices pursuant to California Code of Civil Procedure

1162,

upon the Resident(s) shall constitute lawful and valid service of said notice(s) upon Guarantor.

Notwithstanding the fact that the Rental Agreement, and this continuing Guarantor (Co-Signor) Agreement, do

not confer any right of possession of the premises upon the Guarantor, should legal action become necessary.

Guarantor agrees to be named as a party defendant in such action, including any unlawful detainer action, and

to be jointly and severally liable with the Resident(s). Landlord has no obligation to exhaust legal remedies

against Renter(s) before taking action against Guarantor.

Guarantor acknowledges that a credit application has been submitted to Landlord and agrees to update said

information as necessary or upon request of Landlord. Guarantor shall keep Landlord informed of Guarantor’s

current residence and business address.

The filing of any petition by or against Resident under any chapter of the Bankruptcy Act, the adjudication of

Resident as a bankrupt or insolvent, or nonpayment of any sums due from Resident may be deemed a default

giving rise to action by Landlord against Guarantor.

If any legal action or other proceeding is brought by any party to enforce any part of this guarantee, the

prevailing party shall be entitled to reasonable attorney’s fees and costs incurred.

Guarantor’s Social Security #:

Driver License:

HomeAddress:

Home Phone:

Work Phone:

BusinessAddress:

Guarantor’sName:

Guarantor’s Signature:

Date:

UNAUTHORIZED USE PROHIBITED

For Members Only

Apartment Association,

California Southern Cities

Approved Form #F30 - 1/02