Rental Agreement Dated:
The undersigned Co-signer agrees unconditionally, absolutely, and continually to guarantee the performance by the Tenant(s) of all obligations under the Rental Agreement or any extensions or renewals, including, but not limited to, the timely payment of rent, fees, utility or service charges, damages to property, late fees, legal fees, and collection costs. The liability of Co-signer is direct and unconditional and may be enforced without requiring Owner/Agent first to exercise, enforce, or exhaust any right or remedy against Tenant. Co-signer waives presentment, demand, protest, and notice to which Co-signer might be entitled.
Co-signer agrees that any action regarding this Agreement may be brought in any state or federal court sitting in the county in which the Property is located. Co-signer agrees to personal jurisdiction in such court. Co-signer agrees to pay all costs, attorney fees, and collection costs incurred by Owner/Agent in enforcing this Co-signer Agreement.
If the obligations under a rental agreement are guaranteed by a co-signer, and the co-signer’s guarantee becomes unenforceable for any reason, this shall be considered a material noncompliance with the rental agreement. Tenant(s) may then be responsible to find an alternate co-signer acceptable to the Owner/Agent, or pay an increased security deposit acceptable to Owner/Agent to cure the noncompliance.
Home phone: Work phone: Cell phone:
This form must be signed, notarized and returned to Owner/Agent.
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1462 Commercial St. NE, Salem, OR 97301
Phone: 503-364-5468 | Fax: 503-585-8119