Residential Lease Layout Guarantee Letter
Landlord’s Name
[Landlord’s Address]
[City, State ZIP Code]
Dear [Landlord’s Name],
I, [Your Name], hereby agree to act as a guarantor for [Tenant’s Full Name] concerning the lease agreement for the residential property located at [Property Address], dated [Lease Start Date], between [Tenant's Full Name] (the "Tenant") and [Landlord’s Full Name] (the "Landlord").
Terms of Guarantee:
Full Financial Responsibility: In the event that the Tenant fails to fulfill their financial obligations under the lease agreement, including but not limited to rent, late fees, and damages, I agree to assume full responsibility for any unpaid amounts or expenses incurred due to the Tenant’s failure to comply with the terms of the lease.
Duration of Guarantee: This guarantee shall remain in effect for the entire duration of the lease term, including any extensions, renewals, or holdover periods, unless otherwise stated in writing by both parties.
Notice of Default: In the event the Tenant defaults on their obligations under the lease, I request that I be notified in writing at the contact information provided above before any legal or collection actions are initiated.
Limit of Liability: My liability under this guarantee is limited to the full extent of the Tenant’s obligations under the lease agreement, including any additional legal fees or costs incurred by the Landlord to enforce the terms of the lease or this guarantee.
Severability: If any provision of this guarantee is found to be unenforceable or invalid, the remaining provisions will continue to be binding and in full effect.
Termination of Guarantee: This guarantee may be terminated if [Tenant’s Full Name] fully satisfies the obligations of the lease and vacates the property upon lease termination or by written agreement of both parties.
Please feel free to contact me if any issues arise regarding the lease. I look forward to the successful and peaceful rental of your property by [Tenant’s Full Name].
Sincerely,
[Your Name]
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