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  • Guarantor Application - Burkely Communities

Get Guarantor Application - Burkely Communities

Guarantor Rental Application Burkely Communities, LLC Community Name: For whom are you the Guarantor? (Name): GUARANTOR INFORMATION Name: Mobile: ( Suffix: Birth Date: ) Home Phone: ( Social Security.

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How to fill out the Guarantor Application - Burkely Communities online

Filling out the Guarantor Application for Burkely Communities is an essential step for those looking to support a resident with their rental agreement. This guide will walk you through the various sections of the form, providing comprehensive and user-friendly instructions to ensure a smooth completion.

Follow the steps to complete the application effectively.

  1. Click ‘Get Form’ button to obtain the form and open it in your online editor.
  2. Begin by providing your personal information in the 'Guarantor Information' section. Fill in your name, mobile number, suffix, birth date, home phone, social security number, email address, and current address including city, state, and zip code. Ensure all information is accurate.
  3. Next, detail your current landlord or mortgage information. Include the landlord's name, phone number, the dates of your tenancy, and your current rental or mortgage amount.
  4. If you have had a previous landlord or mortgage, provide their name, phone number, and the dates of your previous tenancy, along with the previous rental or mortgage amount, if applicable.
  5. Proceed to the 'Guarantor's Employment' section. Enter your current employer's name, your position or title, and your supervisor's information. Include your monthly income (gross amount).
  6. Specify the monthly amount you will guarantee in the designated field. Ensure this amount reflects your financial commitment.
  7. Review the certification statement and ensure you understand the terms. If required, prepare for notarization by planning the signing before a notary public or Burkely Communities representative.
  8. Finally, sign the application with the required signatures, including any co-applicants, and fill in the date of signing.
  9. After completing the form, you may choose to save changes, download, print, or share the document as needed.

Complete your Guarantor Application online today to assist in the leasing process.

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The guarantor is a co-signor, essentially. They pledge their own money and assets so that you are able to qualify for something you would otherwise be unable to afford — in this case a lease for an apartment or house. For most college students and young adults, parents assume this responsibility.

If your guarantor doesn't pay, your landlord can take them to court. Your landlord might want to check your guarantor is able to pay the rent in the same way they've checked your ability to pay. For example, by carrying out a credit check. There is a legal requirement for a guarantee agreement to be in writing.

Typically, one guarantor is enough for roommates, but some landlords will specify whether every applicant needs their own guarantor or if only one will be accepted.

The primary difference between a co-signer and a guarantor is how soon each individual becomes responsible for the borrower's debt. A co-signer is responsible for every payment that a borrower misses. However, a guarantor only assumes responsibility if the borrower falls into total default.

Can anyone be a guarantor? Almost anyone can be a guarantor. It's often a parent or spouse (as long as you have separate bank accounts), but sometimes a friend or relative. However, you should only be a guarantor for someone you trust and are willing and able to cover the repayments for.

A guarantor can be used for multiple tenants, however, a tenant cannot have more than one guarantor.

On paper, the answer is yes. Most landlords are OK with having multiple people act as guarantors on a lease as long as their total incomes will be 80 times the annual rent. However, this is still one of those things you need to ask about before you assume that it will be OK with your landlord's requirements.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232