Guaranty of payment, not collection

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A personal guaranty that makes the lease collectable — payment guaranteed directly, surviving renewals, amendments and holdover, with joint and several liability when more than one signs.

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ESIGN & UETA valid

CO-SIGNER / GUARANTOR AGREEMENT

118 Elm Street, Columbus, OH 43215

2. Guaranty

Guarantor absolutely and unconditionally guarantees Tenant's payment and performance of every obligation under the Lease…

3. Nature

This is a guaranty of payment, not of collection: Landlord may proceed directly against Guarantor…

4. Duration

The guaranty continues through any renewal, extension, amendment, month-to-month continuation or holdover…

Signature

The two clauses that make it work

'Payment, not collection' means the landlord can pursue the guarantor directly, without first suing the tenant — the difference between a guaranty that works and one that adds a year of litigation.

'Survives renewals and holdover' closes the classic escape: guaranties that quietly die when the fixed term rolls month-to-month. This one continues until every obligation is performed, and says the landlord's patience with the tenant doesn't release it.

When people use one

Students and first leases

Parents guarantee where income history can't.

Thin or rebuilding credit

Approve good tenants a report undersells.

Relocations

New-to-country or new-to-state applicants.

Higher-risk approvals

Turn a decline into a guaranteed yes.

What your document includes

Every element a court would look for when deciding whether the agreement is enforceable.

Guarantor, landlord, tenant and the lease, recited
Absolute guaranty of payment and performance
Direct recourse without exhausting the tenant first
Joint and several liability among guarantors
Survival through renewal, amendment and holdover
Guarantor and landlord signature blocks

Common questions

No — they sign this agreement, which guarantees the lease. They aren't a tenant and get no occupancy rights.

Yes, expressly — through renewals, extensions, amendments, month-to-month continuation and holdover, until obligations are fully performed.

Yes. It's a guaranty of payment, not collection — no requirement to exhaust remedies against the tenant first.

Sensible — a guaranty is only as good as the guarantor. Use the application and authorization from this library on them too.

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