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Guaranty Attachment to Lease for Guarantor or Cosigner - South Carolina

Guaranty Attachment to Lease for Guarantor or Cosigner - South Carolina 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 ensure that you include the address of the leased premises as specified in your Lease Agreement.
Specify the monthly rent amount owed by Lessee and total guaranty amount for the entire lease term in their respective fields.
Provide your address as a Co-signer/Guarantor, ensuring accuracy for any future correspondence.
Review and understand your obligations regarding timely payment, including conditions under which you are liable for rent payments.
Finally, sign and date the document along with the Lessor to complete your 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.

Are you liable as a co-signer or guarantor?

Shared responsibility: Co-signers are equally liable from day one, while guarantors are only responsible if the borrower defaults. Real risks involved: Both roles carry financial, legal and relational consequences choose carefully before committing.

Is a guarantee the same as a cosigner?

Both a guarantor and cosigner sign the lease and assume liability for paying the rent. A cosigner is responsible from day one, while a guarantor is only liable to make payments when the primary borrower cant or wont pay.

Is a guarantor the same as a cosigner on a lease?

Legal Responsibility: Cosigners and guarantors both assume legal responsibility for the lease agreement. However, cosigners are jointly liable with the primary tenant, whereas guarantors are often held responsible only if the primary tenant fails to fulfill their obligations.

Whats the difference between a cosigner and a guarantee?

The primary difference between a co-signer and a guarantor is how soon each individual becomes responsible for the borrowers debt. A co-signer is responsible for every payment that a borrower misses. However, a guarantor only assumes responsibility if the borrower falls into total default.

Can a lease be assigned to a guarantor?

a tenant cannot assign a lease to its guarantor in any circumstances. If it purports to do so, it will contravene the provisions of the Act and therefore the transaction will be deemed to be void.

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Am I guaranteed a loan with a cosigner?

A co-signer isnt just vouching for you; they are legally committing to the loan. If the primary borrower defaults on the loan or stops making payments for any reason, the co-signer becomes 100% responsible for the entire outstanding loan balance, including any fees and accrued interest.

Does a lease agreement need to be docHubd in South Carolina?

Lease agreements in South Carolina do not need to be docHubd to be legally binding. A written agreement signed by both parties is sufficient.

Guaranty Attachment to Lease for Guarantor or Cosigner - South Carolina 2026

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