Common Contracts

Personal Guarantee of Rent and Performance of Tenant Obligations

Personal Guarantee • March 20th, 2019

• Contract Type
  Personal Guarantee
• Filed
  March 20th, 2019

I, _____ (herein after “Guarantor”) in consideration of the acceptance of the attached lease with Team Marandola Property Management, a Division of 1855958 Ontario Limited (herein after “Agent For The Landlord” – A.F.T.L.) at the property located at ________________________________ (herein after “Property”) hereby guarantee the payment of $.00 per month for _________ (herein after “Tenant”), a portion of rent reserved by the agreement between the Tenant(s), as indicated in the individual rent payments of the Tenant set out in the lease, and the performance of the obligations assumed and the covenants made therein. As Guarantor, I hereby agree to guarantee payment of all amounts due under the lease, or that may come due, and all other obligations of the Tenant for the entire duration of the lease attached hereto unless the Tenant gives notice of termination within the guidelines of the lease; however, if the lease is renewed either for a fixed term or as a result of a statutory, month-t