North Dakota Guaranty by Individual - Complex

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Multi-State
Control #:
US-02520
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Description

This form states that for valuable consideration, the guarantor contracts and agrees with the lender, that the guarantor will pay, absolutely and unconditionally, the debt of the borrower.
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FAQ

The security deposit and an itemized list of deductions must be returned to you within 30 days of moving out. The landlord can deduct for damages to the property or unpaid rent but not for normal wear and tear.

(2) If the party is within this state and cannot be found, but the party's address is known or can with reasonable diligence be ascertained, the summons may be served upon the party by sending a copy by any form of mail or third-party commercial delivery addressed to the party and requiring a signed receipt and ...

The landlord must keep the premises compliant with building and housing codes relating to health and safety; make or arrange for repairs as agreed upon in the Lease, or that are necessary to keep premises in a fit and habitable condition; keep common areas in a safe condition; maintain in good working order electrical, ...

The terms ?security deposit? and ?damage deposit? mean the same thing under North Dakota law. The tenant can be required to pay a security deposit of up to one month's rent + an additional if the tenant has a pet, not to exceed the greater of $2,500 or two months' rent.

In North Dakota, you cannot withhold rent for any reason. If a landlord fails to make repairs, the tenant does have the right to repair and deduct. This is where the tenant will pay for repairs and deduct that cost from their next rent payment.

A landlord must, within 45 days after getting possession of the rental unit from the tenant for any reason, return any portion of the security deposit owed to the tenant and an itemized written list of damages that reduced the amount of the deposit returned to the tenant.

An affidavit, declaration of service, or certificate of service gives the court proof of service.

Rent and Fees Late Fees: There is no statutory limit on late fees in North Dakota. Grace Period: There is no mandatory grace period in North Dakota. NSF/Bounced Check Fee Maximum: If the tenant's rent check bounces, the landlord may charge any collection fees or costs less than or equal to $40 (NDC § 6-08-16).

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North Dakota Guaranty by Individual - Complex