Kalamazoo Property Corp Guaranty Agreement

Kalamazoo Property Corp - GUARANTY AGREEMENT

To be completed & signed by Parent/Guardian (Guarantor) Note: Landlord will not accept any mark-ups (deletions nor

additions) to this agreement

The undersigned hereby agrees to GUARANTEE to the LANDLORD the payment of rent, and all other financial obligations

of the below listed TENANT. In addition, I/we GUARANTEE the performance by TENANT of all provisions of the LEASE

AGREEMENT including, but not limited to, payment of any damages which the unit may incur during the lease term.

I/We further agree to pay all LANDORD’S expenses, including reasonable attorney’s fees, incurred in enforcing the Lease

provisions and/or enforcing this GUARANTEE as the law deems reasonable.

Unless released in writing by LANDLORD, Guarantor shall remain obligated by the terms of this Guaranty Agreement for

the entire period of the tenancy as provided by the Lease Agreement and for any assignments, continuation, extensions,

renewals including transfers to other properties managed by Kalamazoo Property Corp.

Guaranty unconditional. Guarantors' obligations under this Guaranty are unconditional and are not conditioned on the

validity of any provision of the Lease or any other agreement prepared in connection with the Lease.

Unenforceability of a provision. If any provision of this Guaranty is invalid against any party or in any circumstance or is

unenforceable to any extent, the application of the rest of this Guaranty regarding other parties or circumstances shall

not be affected but shall be enforced to the greatest extent permitted by law.

In the event of a breach of the Lease, a separate action may be brought against Guarantor under this Guaranty,

regardless of whether an action is brought against Tenant. At Landlord’s option, Guarantor may be joined in any action

commenced by Landlord against Tenant. Guarantor waives any demand by Landlord or prior action by Landlord against

Tenant.

Guarantor consents to (a) all forbearance, indulgences, and extensions of time Landlord may afford Tenant and (b)

Landlord’s waiver of any right or remedy against Tenant under the Lease. Guarantor agrees that no action or inaction on

the part of Landlord will affect or modify the liability of Guarantor.

This Guaranty remains and continues in full force and effect notwithstanding (a) any modification or amendment of the

Lease; (b) any extension or renewal of the Lease; (c) any assignment or subletting of Tenant’s interest in the Lease; or (d)

any bankruptcy, reorganization, receivership, or insolvency proceedings of any nature instituted by or against Tenant or

Guarantor. Guarantor waives notice of any such proceedings and agrees that the liability of Guarantor is based on the

obligations in the Lease as it may be modified, amended, extended, renewed, assigned, or sublet.

Guarantor waives notice of the acceptance of this Guaranty. Guarantor waives notice of breach, default, or

nonperformance by Tenant of its obligations under the Lease and waives their right to a jury trial.

This Guaranty will survive the termination or expiration of the Lease. This Agreement shall be governed, construed and

enforced under the laws of the State of Michigan. Venue for any litigation arising under this Guaranty Agreement shall

be resolved in the courts of Kalamazoo County, State of Michigan.

GUARANTOR ACKNOWLEDGES AND AGREES THAT THEY HAVE FULLY READ, COMPLETELY UNDERSTANDS, AND

VOLUNTARILY, WITHOUT DURESS OR COERCION OF ANY KIND, ENTERS INTO AND EXECUTES THIS GUARANTY

AGREEMENT AND THE RELEASE AND WAIVER OF JURY TRIAL PROVISIONS CONTAINED HEREIN, AND ACKNOWLEDGES

THAT THEY HAVE BEEN REPRESENTED AND ADVISED BY COUNSEL OF THEIR CHOOSING OR HAD AMPLE OPPORTUNITY

TO BE REPRESENTED BY COUNSEL DURING THE PENDENCY OF THE NEGOTIATIONS THAT RESULTED IN THE DRAFTING

AND EXECUTION OF THIS AGREEMENT.

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PLEASE COMPLETE THE BELOW SECTION IN ITS ENTIRETY, INCLUDING YOUR SUBMISSION OF A PHOTOCOPY OF YOUR

DRIVER’S LICENSE. ONLY 1 PERSON IS REQUIRED TO GUARANTY CO-PARENTS SOMETIMES OPT FOR BOTH.

IMPORTANT NOTE: We understand the importance of keeping your personal information secure. However, unless the

entire 12-month rental obligation is paid in full in advance of the scheduled move in date, your full social security

number is REQUIRED for the tenant approval process. Please feel free to contact us if you wish to call in your social

security number.

Parent/Guardian:

First Name_____________________________ Middle_____ Last Name_______________________________________

Social Security #___________________________ Birth Date_______________ Phone (____) _____________________

Address: __________________________________________________________________________________________

Street City State Zip

Current Employer_________________________________________ Gross Monthly Earnings $____________________

Co-Parent/Guardian:

First Name_____________________________ Middle_____ Last Name_______________________________________

Social Security #___________________________ Birth Date_______________ Phone (____) _____________________

Address: __________________________________________________________________________________________

Street City State Zip

Current Employer_________________________________________ Gross Monthly Earnings $____________________

THIS FORM MUST BE ACCOMPANIED BY A COPY OF THE GUARANTORS’ DRIVERS LICENSE

I/We certify that the above information given is true and correct. You are hereby authorized to make any investigation

of my (our) personal and financial history and pull a credit report through a credit-reporting agency. I/We hereby

authorize the release of all information, including credit, employment, salary and rental information to any credit-

reporting agency.

____________________________________________ _________________________________________

Guarantor Signature Co-Guarantor Signature

Tenant’s Name: ________________________________ Relationship, if other than parent: ___________________

Preferred Guarantor email for correspondence: ___________________________________________________

Guaranty Agreement / Page 2 of 2 Guarantor Initials ______ _______