Guarantee of Rental/Lease Agreement Template - California Apartment Association - California

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GUARANTEE OF RENTAL/LEASE AGREEMENT
1. In consideration of the execution of the Rental/Lease Agreement, dated
, for the premises located at:
, Unit # (if applicable)
(Street Address)
, CA
.
(City)
(Zip)
by and between
“Owner/Agent” and
“Resident.”
and for valuable consideration, receipt of which is hereby acknowledged, the undersigned
, herein
referred to as Guarantor, does hereby guarantee unconditionally to Owner/Agent, and/or including Owner's/Agent's successor
and assigns, the prompt payment by Resident of the rent or any other sums which become due pursuant to the Rental/Lease
Agreement, a copy of which is attached hereto, including any and all court costs or attorneys' fees incurred in enforcing the
Rental/Lease Agreement.
2. In the event of the breach of any terms of the Rental/Lease Agreement by Resident, Guarantor shall be liable for any
damages, financial or physical, caused by Resident, including any and all legal fees incurred in enforcing the Rental/Lease
Agreement.
3. This Guarantee may be immediately enforced by Owner/Agent upon any default by Resident and an action against Guarantor
may be brought at any time without first seeking recourse against Resident.
4. The insolvency of Resident or nonpayment of any sums due from Resident may be deemed a default giving rise to action by
Owner/Agent against Guarantor.
5. If any legal actions or other proceedings are brought by any party to enforce any part of this Guarantee, the prevailing party
shall be entitled to reasonable attorneys’ fees and costs incurred.
6. This Guarantee does not confer a right to possession of the premises by Guarantor, and Owner/Agent is not required to serve
Guarantor with any notices to terminate or to perform covenants, including any demand for payment of rent, prior to
Owner/Agent proceeding against Guarantor for Guarantor's obligations under this Guarantee.
7. Unless released in writing by Owner/Agent, Guarantor shall remain obligated by the terms of this Guarantee for the entire
period of the tenancy as provided by the Rental/Lease Agreement and for any extensions granted pursuant thereto.
8. In the event the terms of said Rental/Lease Agreement are modified by Resident and Owner/Agent, with or without the
knowledge or consent of Guarantor, Guarantor waives any and all rights to be released from the provisions of this Guarantee
and Guarantor shall remain obligated by said additional modifications and terms of the Rental/Lease Agreement.
9. Guarantor hereby consents in advance to any changes, modifications, additions, or deletions of the Rental/Lease Agreement
made and agreed to by Owner/Agent and Resident during the entire period of the tenancy.
Guarantor's Signature:
Date:
Guarantor's Name (please print):
Guarantor's Address:
City:
State:
Zip:
Home Phone:
Work Phone:
California Apartment Association Approved Form
www.caanet.org
Form 41.0 – Revised 1/07 - ©2007 – All Rights Reserved
Page 1 of 1
GUARANTEE OF RENTAL/LEASE AGREEMENT
1. In consideration of the execution of the Rental/Lease Agreement, dated
, for the premises located at:
, Unit # (if applicable)
(Street Address)
, CA
.
(City)
(Zip)
by and between
“Owner/Agent” and
“Resident.”
and for valuable consideration, receipt of which is hereby acknowledged, the undersigned
, herein
referred to as Guarantor, does hereby guarantee unconditionally to Owner/Agent, and/or including Owner's/Agent's successor
and assigns, the prompt payment by Resident of the rent or any other sums which become due pursuant to the Rental/Lease
Agreement, a copy of which is attached hereto, including any and all court costs or attorneys' fees incurred in enforcing the
Rental/Lease Agreement.
2. In the event of the breach of any terms of the Rental/Lease Agreement by Resident, Guarantor shall be liable for any
damages, financial or physical, caused by Resident, including any and all legal fees incurred in enforcing the Rental/Lease
Agreement.
3. This Guarantee may be immediately enforced by Owner/Agent upon any default by Resident and an action against Guarantor
may be brought at any time without first seeking recourse against Resident.
4. The insolvency of Resident or nonpayment of any sums due from Resident may be deemed a default giving rise to action by
Owner/Agent against Guarantor.
5. If any legal actions or other proceedings are brought by any party to enforce any part of this Guarantee, the prevailing party
shall be entitled to reasonable attorneys’ fees and costs incurred.
6. This Guarantee does not confer a right to possession of the premises by Guarantor, and Owner/Agent is not required to serve
Guarantor with any notices to terminate or to perform covenants, including any demand for payment of rent, prior to
Owner/Agent proceeding against Guarantor for Guarantor's obligations under this Guarantee.
7. Unless released in writing by Owner/Agent, Guarantor shall remain obligated by the terms of this Guarantee for the entire
period of the tenancy as provided by the Rental/Lease Agreement and for any extensions granted pursuant thereto.
8. In the event the terms of said Rental/Lease Agreement are modified by Resident and Owner/Agent, with or without the
knowledge or consent of Guarantor, Guarantor waives any and all rights to be released from the provisions of this Guarantee
and Guarantor shall remain obligated by said additional modifications and terms of the Rental/Lease Agreement.
9. Guarantor hereby consents in advance to any changes, modifications, additions, or deletions of the Rental/Lease Agreement
made and agreed to by Owner/Agent and Resident during the entire period of the tenancy.
Guarantor's Signature:
Date:
Guarantor's Name (please print):
Guarantor's Address:
City:
State:
Zip:
Home Phone:
Work Phone:
California Apartment Association Approved Form
www.caanet.org
Form 41.0 – Revised 1/07 - ©2007 – All Rights Reserved
Page 1 of 1

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