Common use of Parental or Sponsor’s Guaranty Clause in Contracts

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 Tenant Resident 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 Resident 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 Resident acknowledges that this Lease is for an essential necessity of TenantResident, and that Tenant Resident shall be fully bound by all of its terms and conditions, regardless of TenantResident's age or legal status.

Parental or Sponsor’s Guaranty. It is acknowledged by Tenant Resident that Landlord, may, in its sole discretion, require as a condition of this LeaseLease Agreement, a binding parental or sponsor's guaranty, which guaranty shall be a substantial inducement for Landlord to enter into this LeaseLease Agreement. A copy of said guaranty is attached hereto. If Tenant Resident delivers a forged or otherwise false or invalid guaranty to Landlord, then Landlord reserves the right to immediately cancel this Lease Agreement and retain the security deposit, without thereby waiving Landlord's right to pursue all civil or criminal penalties which may be appropriate. Tenant Resident acknowledges that this Lease Agreement is for an essential necessity of TenantResident, and that Tenant Resident shall be fully bound by all of its terms and conditions, regardless of TenantResident's age or legal status.