Parental or Sponsor’s Guaranty. The Landlord requires, as a condition of this lease, a binding Continuing Parental or Sponsor Guaranty (the “Guaranty”), which Guaranty constitutes inducement for the granting of this Lease by Landlord. Landlord reserves the right to not enter into and/or to cancel this Lease in the event such Guaranty is not fully completed and submitted to the leasing staff at the time of application. Tenant understands that the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights both civil and criminal, for any false execution or forgery of the Guaranty. Tenant and Guarantor acknowledge that this Lease is for an essential necessity of Tenant, and that Tenant and Guarantor shall be fully bound by all of the terms and conditions hereof irrespective of Tenant’s age or legal status. The execution of the Guaranty constitutes an additional insurance to Landlord of the performance of the covenants of this lease and shall not be construed as a release of Tenant’s responsibilities and obligations hereunder. Tenant may not include themselves or another UMD student as a Guarantor for the lease. Parents are not automatically considered a Guarantor for the lease, and therefor do not share the same right of access to information for said lease if they are not a Guarantor. Only financial information and information concerning damages will be shared with Guarantor without prior Tenant approval.
Parental or Sponsor’s Guaranty. Tenant may provide a guarantee signed by Tenant’s parent or other sponsor in the form of the Guaranty of Lease. If Tenants delivers a forged or otherwise false or invalid Guaranty of Lease, then Landlord may pursue civil and/or criminal penalties in addition to its other remedies.
Parental or Sponsor’s Guaranty. It is acknowledged by Tenant that Landlord, may, in its sole discretion, require as a condition of this Lease, a binding parental or sponsor's guaranty, which guaranty shall be a substantial inducement for Landlord to enter into this Lease. A copy of said guaranty is attached hereto. If Tenant delivers a forged or otherwise false or invalid guaranty to Landlord, then Landlord reserves the right to immediately cancel this Lease and retain the security deposit, without thereby waiving Landlord's right to pursue all civil or criminal penalties which may be appropriate. Tenant acknowledges that this Lease is for an essential necessity of Tenant, and that Tenant shall be fully bound by all of its terms and conditions, regardless of Tenant's age or legal status.
Parental or Sponsor’s Guaranty. It is acknowledged by Occupant that the University, may, in its sole discretion, require as a condition of this Contract, a binding parental or sponsor's guaranty, which guaranty will be a substantial inducement for University to enter into this Contract. If the University requires a parental or sponsor's guaranty, and Occupant delivers a forged or otherwise false or invalid guaranty to the University, then the University reserves the right to immediately cancel this Contract and retain the Application Fee of $100, and report the incident to the Office of Student Rights and Responsibilities without thereby waiving the University's right to pursue all civil or criminal penalties which may be appropriate. Occupant acknowledges that this Contract is for an essential necessity of Occupant, and that Occupant is fully bound by all of its terms and conditions, regardless of Occupant's age or legal status.
Parental or Sponsor’s Guaranty. Many Tenants who lease from Campus Realty are college-age students. The Landlord may require, as a condition of the lease, a binding Parental or Sponsor’s Guaranty. The Landlord reserves the right to cancel this lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within seven (7) days of the execution of this lease; at Landlord sole option providing that Landlord may alternatively hold Tenants to all terms of this Lease. Tenant understands the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights, both civil and criminal, for any false execution, changes to Guaranty by Tenant or Guarantor, or forgery of the Guaranty.
Parental or Sponsor’s Guaranty. The Landlord may require, as a condition of the lease, a binding Parental or Sponsor’s Guaranty. The Landlord reserves the right to cancel this lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within fifteen (15) days of the execution of this lease. Tenant understands the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights, both civil and criminal, for any false execution or forgery of the Guaranty.
Parental or Sponsor’s Guaranty. As a condition of this Housing Contract, Manager may require that either the Student’s parent or sponsor execute a Continuing Guaranty of Housing Contract in the form provided by Manager (herein called the “Guaranty"). Student acknowledges that the delivery of such Guaranty is a material inducement for Manager to consent to and enter into this Housing Contract. Manager may terminate this Housing Contract if the Guaranty is not fully executed, notarized, and delivered to Manager on or before the First Day of Occupancy. Manager reserves all rights, both civil and criminal, against any person responsible for any forgery of the Guaranty.
Parental or Sponsor’s Guaranty. Required: Yes No A Parental or Sponsor’s Guaranty may be required by Landlord to ensure the full, faithful and punctual performance by Tenant of the obligations and covenants of this Agreement. Any guarantors will be jointly and severally responsible for all obligations under this Agreement pursuant to the terms of the Personal Guaranty. SECURITY DEPOSIT A security deposit in the amount of $1000.00, is required pursuant to the schedule above, as security for the faithful performance by Tenant of the terms of this Lease. Landlord shall hold the security deposit in a non- interest bearing account for the duration of the tenancy. Landlord reserves the right, but not the obligation, to apply the security deposit funds, in whole or in part, to the amount of any unpaid rent, late fees, physical damages, other charges due from Tenant under the terms of this Agreement. If Tenant’s security deposit is utilized prior to the termination of the tenancy, Tenant is required to replenish the security deposit in full within 10 days of use, failure to do so shall constitute a material violation of this Lease agreement. At the end of the rental term, release of said deposit will be subject to the provisions as set forth in the Departing Procedure Addendum. Upon the expiration or termination of the tenancy, Landlord shall, within 30 days of Tenant vacating the premises, cause a written notice to be delivered to Tenant stating the intention to impose a claim against the security deposit, the amount of said claim, and an itemized description of the physical damages, unpaid rent or other charges which give rise to the claim. Unless the Tenant objects in writing to the imposition of the Landlord’s claim or the amount thereof within 15 days after receipt of the Landlord’s notice of intention to impose a claim, the Landlord may deduct the amount of his or her claim and shall remit the balance of the deposit to the Tenant within 30 days after the date of the notice of intention to impose a claim for damages. Security Deposit will be returned by US Mail to the person whose name appears first on this Lease. The Landlord will have no obligation to return the Security Deposit to Tenant if Tenant defaults in performance of Tenant’s promises herein contained.
Parental or Sponsor’s Guaranty. It is acknowledged by Occupant that the University, may, in its sole discretion, require as a condition of this Housing Contract, a binding parental or sponsor's guaranty, which guaranty will be a substantial inducement for University to enter into this Housing Contract. If the University requires a parental or sponsor's guaranty, and Occupant delivers a forged or otherwise false or invalid guaranty to the University, then the University reserves the right to immediately terminate this Housing Contract and retain the Application Fee of $100, and report the incident to the Office of Student Rights and Responsibilities without thereby waiving the University's right to pursue all civil or criminal penalties which may be appropriate. Occupant acknowledges that this Housing Contract is an essential necessity of Occupant, and that Occupant is fully bound by all of its terms and conditions, regardless of Occupant's age or legal status.
Parental or Sponsor’s Guaranty. It is understood that this Community leases to college students and that Landlord may require as a condition of the duties of the Resident under this Agreement, that this binding parental or sponsor guaranty be executed and incorporated as a part of this Agreement. The “Guarantor(s)” for this Agreement is/are: . The relationship of the Guarantor(s) with the Resident is that of: (i.e. parent(s), guardian, uncle, aunt, etc.). The Guarantor(s) hereby (if more than one, jointly and severally) guarantee the payment in full and performance of all obligations by Resident under this Agreement or any renewal, extension or subsequent Unit Lease Agreement (whether for the same or different unit), and to pay all amounts owned pursuant to this Agreement including, but not limited to, fines imposed pursuant to the Rules and Regulations, or Attorney’s fees incurred in the enforcement of this Agreement or any renewal, extension or subsequent lease. This guaranty may be enforced against Guarantor(s) without the necessity of recourse against Resident or any parties responsible. Guarantor(s) consent that any proceedings to enforce this guaranty or related rights may be brought before the court sitting in the judicial district or circuit in which the community is located, and Guarantor(s) consent to personal jurisdiction of such courts and agree that they may be served with process by certified mail addressed to them at the address provided on the Guarantor Application. The Guarantor(s) acknowledges that it shall have liability under this guaranty, notwithstanding any of the foregoing: (a) that the Landlord renews this Agreement, grants Resident extensions of time within which to pay amounts due or perform any of Resident’s obligations under this Agreement, or the fact that the Guarantor was not notified of any changes or amendment to this Agreement; (b) the failure of the Landlord to seek recourse against or xxx the Resident for any amounts due under this Agreement prior to requiring payment from the Guarantor; (c) any belief that any other person was also going to sign or be obligated under this guaranty; (d) the inability of the Resident or any other guarantor to be responsible under this Agreement or this guaranty by virtue of their legal incapacity, disability or bankruptcy; (e) the fact that the Guarantor was not given prior notice of the default by Resident under this Agreement. Failure of Landlord to enforce rights of recovery against other occupants of the Apartment ...
