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Guaranty Attachment to Lease for Guarantor or Cosigner - New York 2026

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The document is a Co-Signer Attachment to a Lease Agreement, outlining the responsibilities of the Co-signer/Guarantor to ensure timely rent payments by the Lessee. It specifies the terms of the guarantee, including payment amounts, notification procedures for late payments, and liabilities. The Co-signer agrees to cover any unpaid rent within five days of receiving notice from the Lessor, while also acknowledging that their obligation is contingent upon the Lessee's failure to pay.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the agreement on the first line, followed by the names of the Lessor and Cosigner/Guarantor in the designated fields.
Fill in the name of the Lessee and address of the leased premises as referenced in the Lease Agreement.
Specify the monthly rent amount and total guaranty amount for the entire lease term in their respective fields.
Provide your address as a Co-signer/Guarantor in the section provided.
Review and understand your obligations regarding timely payment, ensuring you acknowledge that you are jointly liable with Lessee.
Complete any additional required information, including where payments should be delivered to Lessor.
Finally, sign and date both sections for Lessor and Co-signer/Guarantor to finalize your agreement.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the guarantor form as attachment to lease?

The Guarantor Form as Attachment to Lease is a document that acts as a legal guarantee for the payment of rent and fulfillment of lease obligations by a tenant. It requires a guarantor to take responsibility for the lease if the tenant fails to meet their obligations.

How to qualify for the guarantors?

Financial Requirements Income: Guarantors need to have a much higher income than what is needed for the tenant to qualify. This is usually about 80-100 times the monthly rent. Credit Score: As we mentioned above, a good credit history is crucial for guarantors. Landlords often look for a credit score of 700 or higher.

What are the rules for guarantors in NY?

First, they should have an excellent credit score. This means that their credit score should be 750 or higher. Second, they must make 80 times the monthly rent annually. This means that if you are applying for an apartment that costs $2000 in rent per month, your guarantor must earn at least $160,000 per year.

Does a guarantor have to show bank statements?

Financial Stability: A guarantor must demonstrate a stable income, often requiring proof of employment and salary details. Landlords may request payslips or bank statements as evidence.

What is the difference between a guarantor and a cosigner in NYC?

Guarantor: Acts as a financial safety net but is only contacted if payments are missed. Cosigner: Equally responsible for payments alongside the primary tenant.

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What are the conditions for a guarantor?

You can usually be a guarantor if: You are over 21 years old. You have a good credit history. You have a separate bank account to the borrower.

Does a guarantor guarantee a lease?

A lease guaranty is a contract between an individual or entity (guarantor) that is typically related to the tenant. The guarantor promises to pay the landlord any and all payments due under the lease in the event the tenant defaults under its lease obligations and otherwise cure the tenants defaults.

What information does a guarantor need to provide in NYC?

Signed guarantor application form. Copy of government-issued ID. Copies of their two most recent tax returns. Copies of their two most recent pay stubs.

Guaranty Attachment to Lease for Guarantor or Cosigner - New York 2026

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