Service Guarantee With Examples

• Category: Landlord Tenant - Guaranty
• State: Georgia
• Control #: GA-841LT
• Format: Word; Rich Text

Description

The Co-signer Attachment to Lease is a legal document that outlines the guarantee of rent payment by a co-signer on behalf of a lessee. This form is crucial in confirming that the co-signer agrees to be responsible for the rent payments if the lessee fails to pay on time. For example, if the lease specifies a monthly rent of $1,000, the co-signer becomes liable for that amount should the lessee default. Key features include identifying the lessor, lessee, and co-signer, defining timely payment terms, and stipulating the amount guaranteed over the lease term. Filling instructions include ensuring all parties sign and date the document in the designated areas, while editing instructions stress the importance of clear communication regarding the lessor's address for payment delivery. This form is especially useful for attorneys, partners, and legal assistants who facilitate lease agreements, as it protects the interests of lessors and clarifies the liabilities of co-signers. Paralegals and associates will find it helpful in processing rental agreements and understanding the co-signer's obligations. Legal assistants may use this document to maintain compliance with tenant laws and support their team in managing lease agreements.