Common use of Cosigner Agreement Clause in Contracts

Cosigner Agreement. Cosigner, in consideration of Landlord renting the Property/Unit to tenant, , listed above and other good consideration, absolutely, unconditionally, and irrevocably guarantees the full and complete performance of any, and all covenants and obligations under the Residential Rental Agreement. These obligations include, but are not limited to, the payment of rent, late fees, security deposit, utilities, reimbursement for any property damage, re-rental costs, repair costs and any, and all other charges that become due and owing under the Residential Rental Agreement or through any legal action. Cosigner waives all requirements of notice and of the acceptance of the Cosigner Agreement and all requirements of notice of breach or non-performance by ▇▇▇▇▇▇(s). ▇▇▇▇▇▇▇▇ agrees that his/her obligations will continue and will not be affected by any amendments, modifications, renewals or extensions to the Residential Rental Agreement. ▇▇▇▇▇▇▇▇ also agrees that his/her obligations will remain in force even if Landlord waives one or more defaults of the Tenant(s), extends the time of performance by ▇▇▇▇▇▇(s), and/or releases Tenant(s) from the performance of their obligations under the Residential Rental Agreement. ▇▇▇▇▇▇▇▇ agrees and understands that all Tenant(s) and cosigners are jointly and severally liable and that Landlord need not exhaust all remedies against ▇▇▇▇▇▇(s), in order for Cosigner to become liable. This means that Cosigner may be individually responsible for paying all amounts that become due and owing under the Residential Rental Agreement. This Cosigner Agreement shall be binding upon ▇▇▇▇▇▇▇▇ and his/her respective heirs, successors, successors in interest, executors, administrators, representatives, and assigns. By initialing below, you acknowledge and agree to the terms in Section 4.

Cosigner Agreement. Cosigner, in consideration of Landlord renting the Property/Unit to tenant, , listed <<Tenants (Financially Responsible)>>,listed above and other good consideration, absolutely, unconditionally, and irrevocably guarantees the full and complete performance of any, and all covenants and obligations under the Residential Rental Agreement. These obligations include, but are not limited to, the payment of rent, late fees, security deposit, utilities, reimbursement for any property damage, re-rental costs, repair costs and any, and all other charges that become due and owing under the Residential Rental Agreement or through any legal action. Cosigner waives all requirements of notice and of the acceptance of the Cosigner Agreement and all requirements of notice of breach or non-performance by ▇▇▇▇▇▇(s). ▇▇▇▇▇▇▇▇ agrees that his/her obligations will continue and will not be affected by any amendments, modifications, renewals or extensions to the Residential Rental Agreement. ▇▇▇▇▇▇▇▇ also agrees that his/her obligations will remain in force even if Landlord waives one or more defaults of the Tenant(s), extends the time of performance by ▇▇▇▇▇▇(s), and/or releases Tenant(s) from the performance of their obligations under the Residential Rental Agreement. ▇▇▇▇▇▇▇▇ agrees and understands that all Tenant(s) and cosigners are jointly and severally liable and that Landlord need not exhaust all remedies against ▇▇▇▇▇▇(s), in order for Cosigner to become liable. This means that Cosigner may be individually responsible for paying all amounts that become due and owing under the Residential Rental Agreement. This Cosigner Agreement shall be binding upon ▇▇▇▇▇▇▇▇ and his/her respective heirs, successors, successors in interest, executors, administrators, representatives, representatives and assigns. By initialing below, you acknowledge and agree to the terms in Section 4.. Rules and Regulations