Guaranty Addendum printable pdf download

8025 Ashland Avenue, Manassas VA 20109

(703) 368-0164

Fax (703) 368-0931

Guaranty Addendum

THIS ADDENDUM to the Lease Agreement between Westgate Apartments & Townhouses, LTD. herein

known as Landlord, and _____________________________________________________________________

herein known as Tenant(s), and Management Services Corporation, Managing Agent, dated _______________.

The Lease Agreement, as written, is all inclusive and binding on the Landlord and the Tenant(s), with the

exception of the following amendments and/or revisions:

1. _______________________________________________, hereinafter referred to as Guarantor(s) are

hereby made party(ies) to the Lease Agreement for the express purpose of co-signing the said Lease

Agreement of Tenant(s), with whom Landlord would not enter the said Lease Agreement, if

Guarantor(s) did not execute this Guaranty Addendum.

2. In consideration of the execution of the said Lease Agreement by Landlord and as a material

inducement to Landlord to execute the said Lease Agreement, Guarantor(s), by the execution of this

Guaranty Addendum, do hereby jointly, severally, unconditionally and irrevocably guarantee the prompt

and timely payment by Tenant(s) of all rental payments and all other sums due and payable by Tenant(s)

to Landlord, under the said Lease Agreement, and the full and faithful performance by Tenant(s) of each

and every one of the terms and conditions of the said Lease Agreement. This guaranty extends to any

and all liability, which Tenant(s) has or may have to the Landlord by reason of matters occurring after

the termination of the lease or the expiration of the term of the lease by reason of removal of Tenant

property, surrender of possession or other matters.

3. It is expressly agreed and understood that the terms of the said Lease Agreement may be altered,

affected, modified or changed by agreement(s) by and between the Landlord and the Tenant(s), or by

course of conduct, and the said Lease Agreement may be subleased in accordance therewith, without the

consent or notice to Guarantor(s); and that this Guaranty Addendum shall thereupon and thereafter

guarantee the performance of the said Lease Agreement as so altered, modified, changed, or subleased.

4. This Guaranty Addendum shall not be released, modified or affected by failure or delay on the part of

the Landlord and/or the Agent to enforce any of the rights or remedies of the Landlord under the said

Lease Agreement, whether pursuant to the terms and conditions thereof, or at law or in equity.

5. No notice, written or otherwise, need be given to Guarantor(s), it being specifically agreed and

understood that the guarantee of the Guarantor(s) is a continuing guarantee under which the Landlord

may proceed forthwith and immediately against Tenant(s), or against Guarantor(s), without proceeding

against the Tenant(s) first, following any breach, material noncompliance under law, or default by

Tenant(s); or for the enforcement of any rights or remedies which the Landlord may have against

Tenant(s), pursuant to, or under the terms and conditions of the said Lease Agreement, the Virginia

Residential Landlord and Tenant Act, or otherwise at law or in equity.

Guaranty Addendum