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Co-Signer Agreement-Addendum To The Rental Agreement
CO-SIGNER AGREEMENT - ADDENDUM TO THE RENTAL AGREEMENT
Dated [Date of Agreement]
This agreement is attached to and forms a part of the Rental Agreement dated between [Name of owners], Owners, and [Name of Tenants], Tenants.
My name is [Applicant name].
I have completed a Rental Application for the express purpose of enabling the Owners to check my credit. I have no intention of occupying the dwelling referred to in the Rental Agreement above.
I have read the Rental Agreement, and I promise to guarantee the Tenants' compliance with the financial obligations of this agreement.
I understand that I may be required to pay for rent, cleaning charges, or damage assessments in such amounts as are incurred by the Tenants under the terms of this Agreement if, and only, if the Tenants themselves fail to pay.
I also understand that this Co-Signer Agreement will remain in force throughout the entire term of the Tenants' tenancy, even if their tenancy is extended and/or changed in its terms.
I am paying the sum of [Amount of consideration in letter] ($[Amount of consideration in number]) as a consideration of acceptance of this Co-Signer Agreement by all parties concerned.
Co-Signer
Accepted by Owner/Manager