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Guaranty or Guarantee of Payment of Rent - Indiana

Guaranty or Guarantee of Payment of Rent - Indiana 2026

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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. The Guarantor agrees to pay any overdue rent within five days of receiving notice from the Lessor, thereby assuming joint liability with the Lessee for the rental payments. The agreement outlines the terms of payment, responsibilities, and conditions under which the Lessor can terminate the Lease.

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Click ‘Get Form’ to open the Guaranty of Payment of Rent in the editor.
Begin by entering the date on which the agreement is being made in the designated space.
Fill in the name of the Lessor and Guarantor in their respective fields, ensuring accuracy for legal purposes.
Specify the Lessee's name and address, as well as the rental amount per month and total guarantee amount for clarity.
Indicate the due date for timely rent payment, typically noted as a specific day of each month.
Complete the Guarantor’s address section to ensure proper communication regarding payments.
Review all entries for accuracy before signing. Both Lessor and Guarantor should sign and date at the bottom.

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What is the Indiana Code 32 31 5 4?

Sec. 4. Unless otherwise provided by a written rental agreement between a landlord and tenant, a landlord shall give the tenant at least thirty (30) days written notice before modifying the rental agreement.

Is a guarantor a lease?

A rent guarantor, also referred to as a lease guarantor, is someone who agrees to pay the rent if the tenant cannot pay. This also puts you on the hook for the terms stipulated in the contract, including not only the monthly rent but also move-in and move-out fees, late fines, and other rent charges.

What does guaranty mean on 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 is a guarantee payment for rent?

In a guaranteed rent arrangement, a property management company agrees to pay the landlord a fixed monthly rent for a specified period, usually one year.

What is a lease guaranty and when would it be required by a landlord?

A landlord may require a personal guaranty of the lease by one or more of the business owners in order to have their personal assets available to satisfy the financial obligations of the lease in the event of the default and insolvency of the business entity.

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What is the difference between a lease and a guaranty?

Many commercial landlords require that a guarantor secure the obligations and liabilities of a tenant as a prerequisite for entering into a lease. A lease guaranty is a contract between an individual or entity (guarantor) that is typically related to the tenant.

What is the purpose of a guaranty?

1. : an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the others default or miscarriage.

Guaranty or Guarantee of Payment of Rent - Indiana 2026

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