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Guaranty or Guarantee of Payment of Rent - Florida

Guaranty or Guarantee of Payment of Rent - Florida 2025

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This document is a Guaranty of Payment of Rent agreement between a Lessor and a Guarantor, ensuring that the Guarantor will cover rent payments owed by the Lessee under a specified Lease Agreement. It outlines the responsibilities of the Guarantor in case of non-payment by the Lessee, including timelines for payment after notice and conditions under which the Lease may be terminated.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date at the top of the form where indicated. This is essential for establishing the timeline of the agreement.
Fill in the name of the Lessor and Guarantor in the respective fields. Ensure accuracy as these parties are legally bound by this agreement.
Specify the Lessee's name, which is crucial for identifying who is being guaranteed under this agreement.
Indicate the monthly rent amount and total guaranty amount. These figures should reflect what is stated in the Lease Agreement.
Provide the Guarantor’s address clearly, as this will be used for any necessary notifications regarding payment failures.
Review all sections carefully to ensure that all information is complete and accurate before signing.
Finally, both parties should sign and date the document at the bottom to finalize the agreement.

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Got questions?

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 maximum amount paid by the Florida Insurance Guaranty Association for most covered claims?

If your insurance company has been declared insolvent, covered claims will be paid by FIGA. The maximum amount FIGA will cover is $300,000 with special limits applying to (1) damages to structure and contents on homeowners claims and (2) on inium and homeowners association claims.

What is the difference between a guarantee and a guaranty on a lease?

A personal guaranty is a separate legal document from the commercial lease. While the commercial lease is signed by the owner or an officer of the business on behalf of the corporation, a personal guarantee is signed by the business owner or owners personally.

What is the 558 law in Florida?

SIXTY DAYS BEFORE YOU BRING ANY LEGAL ACTION, YOU MUST DELIVER TO THE OTHER PARTY TO THIS CONTRACT A WRITTEN NOTICE, REFERRING TO CHAPTER 558, OF ANY CONSTRUCTION CONDITIONS YOU ALLEGE ARE DEFECTIVE AND PROVIDE SUCH PERSON THE OPPORTUNITY TO INSPECT THE ALLEGED CONSTRUCTION DEFECTS AND TO CONSIDER MAKING AN OFFER TO

What does the Florida insurance guaranty fund cover?

Florida Insurance Guaranty Association FIGA services pending claims by or against Florida policyholders of member insurance companies which become insolvent and are ordered liquidated. FIGAs membership is composed of all Florida licensed direct writers of property or casualty insurance.

What is the guaranty law in Florida?

Under Florida law, the guarantor can be held liable only when a court determines the guaranty is lawful and the alleged debt is actually owed. In other words, a guarantor may not escape liability if the absolute guarantee is lawful and the party owing the underlying debt is liable under that debt.

What is the law of guaranty?

A guaranty can be defined as an undertaking or a promise from a guarantor to a guarantee . A guaranty can be thought as a collateral to a primary or principal obligation from the guarantor to perform.

What is a guarantee when renting a house?

A guarantor on a lease is someone who legally agrees to take on the financial obligations of the leaselike paying rentif the tenant cannot.

What is the difference between guaranty and guarantee agreement?

A guaranty involves a third-party entity providing financial assurance for a contractors performance, while a guarantee typically refers to the warranties offered by contractors or manufacturers for the quality and performance of their work or products.

Guaranty or Guarantee of Payment of Rent - Florida 2025

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