A Texas Guarantor Waiver is a legal document that aims to protect the guarantor from being released from their obligations in the event of a tenant's discharge, release, or bankruptcy. This waiver ensures that the guarantor's role remains intact even if the tenant no longer fulfills their lease agreement due to various reasons. In the context of Texas, there are two main types of Guarantor Waivers that Avoid Release of the Guarantor. These are: 1. Texas Guarantor Waiver for Tenant Discharge: This type of waiver ensures that the guarantor remains responsible for fulfilling the lease obligations even if the tenant is discharged from their responsibilities by the landlord. It prevents the guarantor from being automatically released from their role in the event of tenant discharge. 2. Texas Guarantor Waiver for Tenant Release or Bankruptcy: This waiver specifically protects the guarantor from being released from their obligations if the tenant is released or declares bankruptcy. It ensures that the guarantor continues to be liable even if the tenant is no longer able to fulfill their lease agreement due to release or bankruptcy. By implementing these types of waivers, landlords in Texas can effectively safeguard themselves and ensure that the guarantor remains accountable for the lease obligations, even if circumstances change for the tenant. Keywords: Texas Guarantor Waiver, Avoids Release of Guarantor, Tenant Discharge, Release, Bankruptcy, Lease Obligations, Tenant Release, Tenant Bankruptcy, Legal Document.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.