Guarantee of Payment (Cosigner Agreement)
For one reason or another we often ask for the tenant to find someone to stand with them on the lease. You’re looking out for your owner and adding security to the lease. When there is a co-signor you need a document for them to sign promising to pay what the tenant left owing when they vacate. This is their personal guarantee for the tenant’s obligations under the lease. We get co-signors on about 20% of our leases and it works like a charm. Don’t reinvent the wheel. Let our mistakes make it easier for you. You can figure this out on your own, develop a document and tweak it over time, or have it today.