Parental or Sponsor’s Guaranty. The Landlord requires, as a condition of this lease, a binding Continuing Parental or Sponsor Guaranty (the “Guaranty”), which Guaranty constitutes inducement for the granting of this Lease by Landlord. Landlord reserves the right to not enter into and/or to cancel this Lease in the event such Guaranty is not fully completed and submitted to the leasing staff at the time of application. Tenant understands that the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights both civil and criminal, for any false execution or forgery of the Guaranty. Tenant and Guarantor acknowledge that this Lease is for an essential necessity of Tenant, and that Tenant and Guarantor shall be fully bound by all of the terms and conditions hereof irrespective of Tenant’s age or legal status. The execution of the Guaranty constitutes an additional insurance to Landlord of the performance of the covenants of this lease and shall not be construed as a release of Tenant’s responsibilities and obligations hereunder. Tenant may not include themselves or another UMD student as a Guarantor for the lease. Parents are not automatically considered a Guarantor for the lease, and therefor do not share the same right of access to information for said lease if they are not a Guarantor. Only financial information and information concerning damages will be shared with Guarantor without prior Tenant approval.
Parental or Sponsor’s Guaranty. Tenant may provide a guarantee signed by Tenant’s parent or other sponsor in the form of the Guaranty of Lease. If Tenants delivers a forged or otherwise false or invalid Guaranty of Lease, then Landlord may pursue civil and/or criminal penalties in addition to its other remedies.
Parental or Sponsor’s Guaranty. It is acknowledged by Tenant that Landlord, may, in its sole discretion, require as a condition of this Lease, a binding parental or sponsor's guaranty, which guaranty shall be a substantial inducement for Landlord to enter into this Lease. A copy of said guaranty is attached hereto. If Tenant delivers a forged or otherwise false or invalid guaranty to Landlord, then Landlord reserves the right to immediately cancel this Lease and retain the security deposit, without thereby waiving Landlord's right to pursue all civil or criminal penalties which may be appropriate. Tenant acknowledges that this Lease is for an essential necessity of Tenant, and that Tenant shall be fully bound by all of its terms and conditions, regardless of Tenant's age or legal status.
Parental or Sponsor’s Guaranty. It is acknowledged by Occupant that the University, may, in its sole discretion, require as a condition of this Contract, a binding parental or sponsor's guaranty, which guaranty will be a substantial inducement for University to enter into this Contract. If the University requires a parental or sponsor's guaranty, and Occupant delivers a forged or otherwise false or invalid guaranty to the University, then the University reserves the right to immediately cancel this Contract and retain the Application Fee of $100, and report the incident to the Office of Student Rights and Responsibilities without thereby waiving the University's right to pursue all civil or criminal penalties which may be appropriate. Occupant acknowledges that this Contract is for an essential necessity of Occupant, and that Occupant is fully bound by all of its terms and conditions, regardless of Occupant's age or legal status.
Parental or Sponsor’s Guaranty. The Landlord may require, as a condition of the lease, a binding Parental or Sponsor’s Guaranty. The Landlord reserves the right to cancel this lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within fifteen (15) days of the execution of this lease. Tenant understands the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights, both civil and criminal, for any false execution or forgery of the Guaranty.
Parental or Sponsor’s Guaranty. As a condition of this Housing Contract, Manager may require that either the Student’s parent or sponsor execute a Continuing Guaranty of Housing Contract in the form provided by Manager (herein called the “Guaranty"). Student acknowledges that the delivery of such Guaranty is a material inducement for Manager to consent to and enter into this Housing Contract. Manager may terminate this Housing Contract if the Guaranty is not fully executed, notarized, and delivered to Manager on or before the First Day of Occupancy. Manager reserves all rights, both civil and criminal, against any person responsible for any forgery of the Guaranty.
Parental or Sponsor’s Guaranty. Many Tenants who lease from Campus Realty are college-age students. The Landlord may require, as a condition of the lease, a binding Parental or Sponsor’s Guaranty. The Landlord reserves the right to cancel this lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within seven (7) days of the execution of this lease; at Landlord sole option providing that Landlord may alternatively hold Tenants to all terms of this Lease. Tenant understands the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights, both civil and criminal, for any false execution, changes to Guaranty by Tenant or Guarantor, or forgery of the Guaranty.
Parental or Sponsor’s Guaranty. The Landlord may require, as a condition of this Lease, a binding Parental or Sponsor’s Guaranty (the, “Guaranty”). Landlord reserves the right to cancel this Lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within fifteen (15) days from the date of execution of this Lease by Tenant, or if such Guaranty is not fully executed and returned to the Agent prior to occupancy, whichever time period is shorter. Tenant understands that the Guaranty must be obtained directly from the parent or sponsor and that Landlord reserves all rights, both civil and criminal, for any false execution or forgery of the Guaranty. Tenant acknowledges that this lease is for an essential necessity of Tenant, and that Tenant shall be fully bound by all of the terms and conditions hereof irrespective of Tenant’s age or legal status. The execution of the Guaranty constitutes an additional assurance to Landlord of the performance of the covenants of this Lease and shall not be construed as a release of Tenant’s responsibilities and obligations hereunder. _ Initials LANDLORD OR REPRESENTATIVE: TENANT: Signed Signed _ _ Printed Printed _ Date Date UNIT # GSR – Capstone Quarters Lease Agreement UTILITY ADDENDUM TO PARAGRAPH 3 CAPSTONE QUARTERS – URBANA, ILLINOIS AGREEMENT OF LEASE THIS ADDENDUM made and entered into this day of , 20 by and between CAPSTONE QUARTERS URBANA, LLC., D/B/A CAPSTONE QUARTERS, by its agent, CAPSTONE PROPERTIES LLC, (hereinafter referred to as “Landlord” and “Agent” respectively) and (hereinafter referred to as “Tenant”) in regard to a Lease Agreement commencing the day of , 20 _. The parties do hereby agree that paragraph 3 of the Lease Agreement entered into between them shall be amended to provide that included in the monthly rental amount, Landlord agrees to provide Tenant water and electric service provided that the actual cost of water and electric services used by all tenants in the apartment does not exceed the monthly sums set forth below. In the event Tenant’s electric and water usage exceeds the sum of $ in any month, each tenant shall be responsible for paying and equal share of said additional sum as additional rent for the subject premises. Except as amended by this Addendum, all other terms and conditions of paragraph 3 of the Lease Agreement remain in full force and effect. It is understood as a requirement of the utility package, all bedrooms in Tenant’s assigned unit need to be leased and have a signed u...
Parental or Sponsor’s Guaranty. Required: Yes No A Parental or Sponsor’s Guaranty may be required by Landlord to ensure the full, faithful and punctual performance by Tenant of the obligations and covenants of this Agreement. Any guarantors will be jointly and severally responsible for all obligations under this Agreement pursuant to the terms of the Personal Guaranty.
Parental or Sponsor’s Guaranty. The Landlord may require, as a condition of this Lease, a binding Parental or Sponsor’s Guaranty (the, “Guaranty”). Landlord reserves the right to cancel this Lease in the event such Guaranty is not fully executed, notarized, and returned to the Agent within fifteen
