The purpose of this document is to provide landlords/housing providers with a Guarantor’s Agreement template you can use or revise when a tenant needs a Guarantor for their lease. In certain cases, a Guarantor is only held liable if parties have signed the right clauses within a document.
Did you know:
A Guarantor (in certain states/provinces) are only liable for the first 12 months.
You can hit the credit history of the Guarantor. But, in order for you to send a Guarantor into the credit bureau, you need their consent in advance.
Yes, this is why you need a document.
