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Co-Signer Guarantor Agreement
(Addendum To Rental Agreement)
AGREEMENT made on [Date] by and between [Name] of [Address], hereinafter referred to as "Co-Signer", and [Name] of [Address], hereinafter referred to as "Owner", the parties mutually agree as follows:
This agreement is attached to and forms a part of the Rental Agreement dated [Date] between [Name], and [Name].
My name is [Name] as Co-Signer.
I have completed a Rental Application for the express purpose of enabling the Owners to check my credit. I have no intention of occupying the dwelling referred to in the Rental Agreement above.
I have read the Rental Agreement, and I promise to guarantee the Tenants compliance with the financial obligations of this agreement.
I understand that I may be required to pay for rent, cleaning charges, or damage assessments in such amounts as are incurred by the Tenants under the terms of this Agreement if, and only, if the Tenants themselves fail to pay.
I also understand that this Co-Signer Agreement will remain in force throughout the entire term of the Tenants' tenancy, even if their tenancy is extended and/or changed in its terms.
I am paying the sum of [$------] as a consideration of acceptance of this Co-Signer Agreement by all parties concerned.
Entire Agreement. This Agreement including any attachments is the entire agreement between the parties and there are no other promises or conditions in any other agreement whether oral or written.
This Agreement supersedes any prior written or oral agreements between the parties.
Agreement Binding. This Agreement shall be binding upon the parties hereto and their respective heirs, administrators, successors, and assigns.
No Assignment. Neither this agreement nor any right or interest thereunder shall be assigned in any respect whatsoever.
Exclusion of Oral Statements. This instrument contains all of the agreements of the parties. No oral or other statements shall be binding on either of the parties hereto.
Applicable Law. This Agreement shall be governed by the laws of the State of [State].
Time of The Essence. Time is the essence of this agreement.
IN WITNESS WHEREOF, the parties have executed this agreement the day and year as first above written at [City], [State].
This Section for Notary:
STATE OF -------)
) ss: [date]
COUNTY OF ------)
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
[Name of Notary Public]
My commission expires: [date]