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Guaranty or Guarantee of Payment of Rent - Colorado 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. 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 on the first line, indicating when the agreement is being made.
Fill in the name of the Lessor and Guarantor in the designated fields.
Specify the name of the Lessee and include details about the leased premises as referenced in the Lease Agreement.
Input the monthly rent amount and total guaranty amount for clarity on financial obligations.
Provide Guarantor’s address to ensure proper communication regarding payment notices.
Review terms regarding timely payment and responsibilities, ensuring understanding of liability.
Finally, both parties should sign and date 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 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 new law for renters in Colorado?

Tenant Evictions. The new law aims to prevent arbitrary displacement of renters. Prior to the enactment of HB24‑1098, a landlord could decline to renew a lease without providing a tenant with a reason. Under the new law, a landlord must either offer a tenant a renewal or demonstrate cause to justify nonrenewal.

Can a guarantor pay rent?

You might need a guarantor so you can rent a place to live. A guarantor is someone who agrees to pay your rent if you dont pay it, for example a parent or close relative.

How do you use guaranty in a sentence?

How to Use guaranty in a Sentence There is, of course, no guaranty that any social spending bill will make it to Bidens desk in 2022. In the case of the Paycheck Protection Program, that guaranty is 100%. Allen Musikantow, who owned Marshalls Point Retreat, signed a guaranty on the loan.

Is a letter of guaranty the same as a letter of guarantee?

Guaranty is related to guarantee, but it is a narrower, more specific term. Guaranty is only used as a noun, where it means a promise to pay money if another party does not. It is mostly used in banking and finance, but is rarely used outside of legal context.

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How to use guaranty?

Using the Guaranty as a Negotiating Tool Should the borrower default, the guarantor will be on the hook for all the debt owed. By pressuring the guarantor to make good on their promise, the guarantor, supposedly affiliated with the borrower, can add the needed pressure to get the loan performing again or modified.

Is guaranty still commonly used?

Guaranty with a y is still commonly used in legal terms and documents when referring specifically to financial debt that is to be incurred or paid.

Guaranty or Guarantee of Payment of Rent - Colorado 2026

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