NOTE: The guarantor`s application form must be attached to the guarantor`s contract, as not all relevant information collected here is recorded in the warranty contract or in the rental agreement. All information about the guarantor application must be verified before entering into a guarantor contract. We usually find parents who sign as guarantors for the payment of rent. No problem so far. In addition, in the event of death, the contract becomes binding on the guarantor`s estate. A personal real estate guarantee allows a tenant to have someone else, the „co-signer” or the „guarantor”, who guarantees a lease in case the tenant does not respect his conditions. Thus, if the tenant does not pay rent or breaks the lease for another reason, the person who co-signed, the „guarantor”, must pay for all unfulfilled obligations. A co-signer is responsible for a lease in the same way as the tenant. The landlord will then be better able to assess the likelihood of financial overcharging of the guarantor if the tenant is in default.

The landlord must confirm whether the guarantor has also signed a guarantee for other financial obligations of the child – or even another child. If the landlord has to claim payment from the guarantor, the information obtained on the application form may be decisive in finding the guarantor. Our free rental guarantee agreement provides for any extension of the rental agreement, so that in such a case, no renewed conclusion of a rental guarantee agreement is required. Have you made any other warranty agreements: Step 3 – Scroll down to the end of the document and enter: A good candidate who guarantees rent payment can give the landlord peace of mind. Release of personal guarantee – Executed upon conclusion of a rental agreement or if the guarantor has to be released for another reason. Step 4 – The document is now outside the lease and the tenant is personally liable in case of default. The goal is to convince the landlord that he will be able to recover all the funds if the tenant does not pay. Therefore, affordability is the owner`s main concern. .