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You acknowledge that by signing this Lease Guaranty you unconditionally guarantee all obligations of all residents under the Lease, including rent, late charges, property damage, repair costs, animal-rules-violation charges, reletting charges, utility payments, and all other sums which may become due under the Lease.
While a guarantor is often a family member or close friend, anyone can act as a guarantor on your behalf, assuming they meet the requirements. When selecting a lease guarantor, you want to look for someone with a strong employment history and who is financially responsible.
One example of a guarantor could occur when someone who is under 21 applies for a credit card but is unable to provide proof that they are capable of making minimum payments on the card. The card company may require a guarantor, who becomes liable for repaying any charges on the credit card.
You can't add or subtract anything from a lease without changing it. You must go to the property management, or landlord and typically be screened as a tenant. Adding a person to the lease is changing the lease, but it's possible that no other parts are changed. It's up to the landlord, or property manager.
The Guarantor/Co-Signor should state that they are guaranteeing all of the obligations of the tenant in the attached lease shown as Schedule A. Then just attach the lease to the guarantee and call it Schedule A.