Common use of Parental Guarantee Clause in Contracts

Parental Guarantee. Tenant agrees that his/her parent(s) will sign a Guarantee to ensure the enforcement of this lease. The Guarantee must be signed and returned within 10 days of the signing of the lease. If the Guarantee is not received by the Owners within 10 days, the Owners may exercise the option of invalidating the lease agreement.

Parental Guarantee. Tenant ▇▇▇▇▇▇ agrees that his/her parent(s) will sign a Guarantee to ensure the enforcement of this lease. The Guarantee must be signed and returned within 10 days of the signing of the lease. If the Guarantee is not received by the Owners within 10 days, the Owners may exercise the option of invalidating the lease agreement.