Guarantor Form

.pdf
School
University of Waterloo **We aren't endorsed by this school
Course
STAT 334
Subject
Law
Date
Sep 10, 2023
Pages
1
Uploaded by ColonelHerring1916 on coursehero.com
Unit 101, 188 King St N, Waterloo, ON Tel: 226-978-0101 Email: [email protected] Web: www.hrsproperty.com Guarantor Consent Form Landlord: HRS Property Management Inc. Tenant: ____________________________________________________________________________ Guarantor: _________________________________________________________________________ Guarantor's Permanent Home Address: __________________________________________________ Guarantor's Phone Number: ___________________________________________________________ Guarantor's Email: ___________________________________________________________________ In consideration of HRS Property Management Inc. entering into the Tenancy Agreement in respect of the Rented Premises with the Tenant and for good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by the Guarantor), the Guarantor hereby covenants with HRS Property Management Inc., its successors and assigns, that if default shall at any time be made by the Tenant in payment of Monthly Rental or the performance of the Tenant's covenants on the days or in the manner set forth in the Tenancy Agreement, he will pay the said Monthly Rental or perform the said covenant and shall compensate HRS Property Management Inc. for any damages that may arise in consequence of the Tenant's default including payment of legal fees on a solicitor and client basis. The liability of the Guarantor hereunder shall not be released, discharged or limited by any extension of time or forbearance granted to the Tenant or by any variation in or departure from the terms of the Tenancy Agreement. HRS Property Management Inc. shall not be bound to exhaust its recourse or remedies against the Tenant before pursuing and enforcing its rights against the Guarantor. Nothing but payment and satisfaction in full of all Monthly Rentals and other sums and the due performance of all covenants in the Tenancy Agreement until lawful termination of the Tenancy Agreement shall release the Guarantor from this Guarantee. The Guarantor shall continue to be liable and bound by this Guarantee during any renewals and extensions, statutory or otherwise, of the term of this Tenancy Agreement. This Guarantee shall be binding upon the heirs, executors, administrators, personal representatives, successors and assigns of the Guarantor. By signing this guarantee, the Guarantor certifies that he/she is the authorized individual with signing power/authority to enter into an agreement and all information provided in this document is true and correct and answered to the best of his/her current knowledge. By signing this guarantee, the Guarantor agrees and accepts that NO maintenance concerns or requests will be accepted from the Guarantor and/or any third party at any time. He/She further understand that it is only the Tenant's responsibility to inform the Landlord and/or their representatives about any and all maintenance concerns and any maintenance concerns. (Having a third party involved frequently complicated details and prohibits the Landlord from attending to issues in the most efficient manner possible.) _______________________________ ______________________________ (Signature of the Guarantor) (Date) *You must attach tenant's governement issued ID and guarantor's government issued ID to this guarantee.
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