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. 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. 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. 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.
Parental or Sponsor’s Guaranty. Most of the residents at The Pointe at U of I are college-age students. The Landlord requires, as a condition of this Lease, a binding Parental or Sponsor's Guaranty (the "Guaranty") which Guaranty constitutes an essential inducement for the granting of this Lease by Landlord. Landlord reserves the right to deny possession of the Premises or cancel this Lease in the event such Guaranty is not fully executed, notarized, and returned to Landlord prior to the beginning of the Term. Resident understands that the Guaranty must be obtained directly from the parent or sponsor and the Landlord reserves all rights, both civil and criminal, for any false execution or forgery of the Guaranty. Resident acknowledges that this Lease is for an essential necessity of Resident, and that Resident shall be fully bound by all the terms and conditions hereof irrespective of Resident's age or legal status. Execution of the Guaranty constitutes additional security to Landlord for the performance of the covenants of this Lease and shall not be construed as a release of Resident's responsibilities and obligations hereunder.
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. 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 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 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. Parental or Sponsor Guaranty acts as additional security in the event there are damages exceeding normal wear and tear, or in the event rent is not paid. Parental or Sponsor Guaranty will remain in effect for the duration of time Resident occupies the Premises. Resident understands that the Landlord is relying upon the Resident’s execution of this Lease in making lease space decisions and that it will remove the lease space from its inventory of available lease space upon signing. Resident further acknowledges, understands and agrees that he or she has been advised that the Landlord will, nonetheless, require that a binding Parental or Sponsor Guaranty be executed if the Resident cannot prove monthly income of two times the monthly rent amount. Resident also understands that a Parental or Sponsor Guaranty must be obtained directly from the parent and sponsor and that the Landlord reserves the right to exercise all available remedies, both civil and criminal, for any falsification or forgery of such guaranty, the guaranty constituting an essential inducement for the grant of the Lease by Landlord. Notwithstanding the foregoing, Resident acknowledges, understands and agrees: GENERAL CONDITIONS
Parental or Sponsor’s Guaranty. Before it accepts this Lease, Landlord requires a guarantee signed by Tenant’s parent or other sponsor in the form of the Guaranty of Lease attached to this Lease. If Tenant delivers a forged or otherwise false or invalid Guaranty, then Landlord may pursue civil or criminal penalties in addition to its other remedies.
