Common Contracts
1 similar Parental or Sponsor Guaranty contracts
PARENTAL OR SPONSOR GUARANTYParental or Sponsor Guaranty • November 28th, 2018 • Georgia
THIS GUARANTY is executed by the undersigned Guarantor, , (hereafter “Guarantor”). It is understood that , (hereafter “Tenant”), has applied to become a Tenant of Athens Real Estate Group, LLC (hereafter “Landlord”). Attached hereto as Exhibit “A” and incorporated herein by reference, is a copy of the Lease and Rules and Regulations which will be signed by the Tenant. As a condition precedent to acceptance by Landlord of the Tenant, the prospective Tenant’s parent, grandparent, guardian, or other sponsor personally and unconditionally shall guaranty all obligations of the Tenant with respect to the Lease and Rules and Regulations. The requirement of this Guaranty is in recognition that many Tenants lack independent financial means, and that Landlord would not enter into a lease with Tenant in the absence of the present Guaranty. This Guaranty shall remain in full force and effect irregardless of the financial means, or lack thereof, of the Tenant.
