GUARANTY OF LEASE I, _______________________________(print name of Guarantor), hereby guarantee prompt payment of all sums due under the Residential Lease Agreement between At Home Apartments and (all current leaseholders) for an apartment unit located at , in the city of , the state of Minnesota. I understand this Guaranty of Lease Agreement extends to any lease extensions, transfers, and/or renewals of the original lease agreement. The monthly rent for the unit is $_____________ and the security deposit to be paid is $____________. Additionally, as previously explained in the Guaranty of Lease Application, I understand I am responsible for all amounts owed under the Residential Lease Agreement, including but not limited to the security deposit owed, rent, late fees, utilities, charges for damages, cleaning charges at move-out, parking fees, legal fees, and/or any amounts owed by Leaseholder(s). I understand that by signing this document I am entering into a binding agreement with At Home Apartments, L.L.C. and failure to perform any of the terms and/or conditions of this agreement may result in legal actions against me including but not limited court action to recover any money due and owed to At Home Apartments, L.L.C. Guarantor's Signature: ________________________________________ Date: ___________ (Sign with Notary Present) THIS FORM MUST BE NOTARIZED (STATE OF MINNESOTA) )ss: COUNTY OF ______________) Subscribed and sworn before me this _____________ day of _______ ,20____ ________________________________________ Notary Public (SEAL) 4495 Lake Avenue South, White Bear Lake, Minnesota Managed by At Home Apartments GUARANTY OF LEASE -‐ Application A Guarantor is a person who guarantees payment for all financial responsibilities associated with a lease (i.e. the Guarantor is responsible for payment in the event the Leaseholder(s) does not pay any amount owed). Financial responsibilities include but are not limited to rent, late fees, utilities, charges for damages, cleaning charges at move-out, parking fees, legal fees, and/or any amounts owed by Leaseholder(s) during the term of the original lease and any extensions and/or renewals thereof. A Guarantor is not a party to the lease and therefore does not have the same legal rights as the Leaseholder(s). At Home Apartments cannot give the Guarantor access to the unit. Furthermore, At Home Apartments cannot share private information regarding the Leaseholder(s), unless it is related to the financial responsibilities of the lease. After reviewing the Guaranty of Lease requirements below, please provide all the information requested. The information will be used to run a credit and background report. The application fee for the Guarantor is $25.00 . *Please note, At Home Apartments application screening provider will automatically run a criminal background check, however, any information obtained will not be considered when approving an individual to be a Guarantor. Below are the Guarantor requirements. Please note Guarantors must qualify under each requirement. • Income: The Guarantor's income combined with all approved Leaseholders shall equal six (6) times the income requirement for the unit. • Credit: The Guarantor shall have a favorable credit score. Charged off accounts, collections, judgments, or bankruptcies with in the past five (5) years may not be accepted. • Age: The Guarantor shall be at lease 18 years of age or older. Application information Guarantor's Printed Name: ________________________________________________________________________ Relationship to Applicant: ________________________________________________________________________ Date of Birth: ___________________Social Security Number: _______________________ Address: ____________________________________ City: ____________________ State: ____ Zip: ________ Home Phone: ________________________________ Cell Phone: _____________________________ Present Employer: _______________________________________ Monthly Income: _____________________________ Number of Years Employed: _________________________ Work Phone: _________________________________ I have read and understand the application process and the above listed requirements. l certify that all of the information that I have provided is true and correct. My signature on this application serves as permission for At Home Apartments to obtain my credit hi story, verify my income, and authorizes you to verify all my responses above. Furthermore, I understand that although my criminal background check will be obtained by the screening company, it will not be used in determining my eligibility to be accepted as a Guarantor. _________________________________________________________________ Applicant Name (please print) _________________________________________________________________ Applicant Signature Date At Home Apartments Tenant Screening Companies: ( I) Appfolio 866-648- 1536; and (2) Rental Research 800-328-0333. Please ask your office which company they will be using. At Home Apartments, LLC does not discriminate against tenants or prospective tenants based on race, color, creed, religion, national origin, sex, marital status, status with regard to public assistance, disability, sexual orientation, gender, age, or familial status. These policies comply with the Equal Housing Opportunity Act and other similar laws. 4495 Lake Avenue South, White Bear Lake, Minnesota Managed by At Home Apartments
© Copyright 2024