Guarantor Agreement printable pdf download

Guarantor Agreement

In the matter of the tenancy of the residential premises known as:

_________________________________________________

And in the matter of the tenant(s) known as:

____________________________________

I/We _________________________ (the Guarantor) of the city of _______________ do

herewith guarantee the rental payments for _________________ (the Tenants) for the

premises described as _______________________, Toronto, ON (the premises). This

guarantee shall survive the expiration of any tenancy agreement entered into between the

Landlord and the Tenants and shall continue in full force and effect during any over

holding period. The greater certainty, in the event that the Tenants are or become

monthly Tenants, the Guarantor hereby irrevocably covenants and agrees to guarantee

the rental payments of the Tenants for as long as they are occupying the premises.

In the event that the Tenants fail to pay rent in accordance with the tenancy agreement

whether written, oral, or implied and Notice of Termination for nonpayment of rent has

been issued, the Guarantor hereby covenants and agrees to pay any and all

disbursements including any fee paid by the Landlord pursuant to the collection of the

arrears of rent.

The Guarantor hereby covenants and agrees to guarantee the payment of any damage

caused by the Tenants or their guests either wilfully or negligently.

In the event that the Tenants fail to rectify the damage caused or fail to pay for the

damages, the Guarantor hereby covenants and agrees to pay the Landlord directly for the

said damages.

The Guarantor hereby covenants and agrees to complete that portion of the Landlord=s

application for tenancy which relates to the Guarantor and hereby covenants and agrees

to update same on an annual basis on the form prescribed by the Landlord.

In the event that legal proceedings are commenced against the Tenants herein, the

Guarantor hereby covenants and agrees that all processes and documents to be served

upon myself by the Landlord shall be deemed to be served by the Landlord by serving

same to the Tenants and it shall be the responsibility of the Tenants to ensure that the

said documents are forwarded to the Guarantor. The Guarantor further saves and holds

the Landlord harmless in the event that the Tenants of the premises do not forward or

otherwise notify the Guarantor of the service of any such documents.

Guarantor Agreement