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A guarantor's form should include a space to fill in the home address, work address, phone number, and email address. The contact details are what will be used to contact the guarantor in the future if the principal fails to meet agreement terms. This is a very important feature of the guarantor's form.
Write out your qualifications as a guarantor -- your income, assets and other personal details supporting why you would be able to take responsibility should the tenant or borrower fail to do so. You can also list your accountant to testify to your financial state, as well as other character references.
To write a guarantor letter, start by writing the date at the top of the paper, followed by your full name and address. Below your information, address the letter to the company you're dealing with and begin the letter by identifying yourself and the person you're guaranteeing.
A guarantor is a financial term describing an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan obligation. Guarantors pledge their own assets as collateral against the loans.
Guarantee can refer to the agreement itself as a noun, and the act of making the agreement as a verb. Guaranty is a specific type of guarantee that is only used as a noun.