• US Legal Forms

Guarantor Waiver Program

State:
Multi-State
Control #:
US-OL4A024BB
Format:
Word; 
PDF
Instant download

Description Guarantor Waiver Program For Apartment

This office lease guaranty states that the guarantor's obligations under this guaranty shall be unaffected by any discharge or release of the tenant, its successors or assigns, or any of their debts, in connection with any bankruptcy, reorganization, or other insolvency proceeding or assignment for the benefit of creditors.

How to fill out Guarantor Waiver Which Avoids Release Of Guarantor By Reason Of The Tenant Discharge Release Or Bankruptcy?

1. Fill out the names and addresses of the guarantor, tenant, and landlord.

2. Specify the date of the lease agreement.

3. Include a statement waiving the release of the guarantor by reason of the discharge, release, or bankruptcy of the tenant.

4. Include a statement affirming that the guarantor's obligations under the guaranty agreement remain in full force and effect.

5. Include a statement affirming that the guarantor's liability will not be affected by any actions taken by the landlord or tenant.

6. Include a statement affirming that the guarantor will continue to be responsible for the terms and conditions of the lease agreement.

7. Sign and date the waiver.

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Guarantor Waiver Program