A lease guarantor form is an agreement that makes a guarantor responsible for a tenant's actions. Move out of property before the end of a lease without penalty.Guaranty. If Tenant fails to make any payment required under the Lease, Guarantor will, upon demand, make such payment to. Landlord or Landlord's agent. In North Carolina on a rental lease agreement if we require a guarantor and the guarantor is married do both spouses. In most cases, guarantors will fill out the same application as a full lessee. The difference being that some landlords require only a credit screening. Insurent's lease guarantor service makes it easy to get approved, even if you don't meet strict financial requirements. Accepted in NYC, NJ, DC, and more. A Residential Lease Agreement is used when a Landlord wishes to rent or lease property to a Tenant for residential and possibly home-based business purposes.