{"id":5637,"date":"2016-10-28T09:00:47","date_gmt":"2016-10-28T09:00:47","guid":{"rendered":"http:\/\/www.racinelaw.net\/?p=5637"},"modified":"2016-10-28T09:00:47","modified_gmt":"2016-10-28T09:00:47","slug":"residential-lease-agreements-personal-guarantees","status":"publish","type":"post","link":"https:\/\/www.racinelaw.net\/blog\/residential-lease-agreements-personal-guarantees\/","title":{"rendered":"Residential Lease Agreements and Personal Guarantees"},"content":{"rendered":"

By Lane V. Erickson, Attorney<\/a><\/p>\n

The issue of guarantees and\/or co-signers on a lease agreement is related to the issue of who the parties to the lease agreement are. The person who owns the property and is renting the property is the landlord. The person who is renting the property is the tenant. Even though these are the basic parties to a lease agreement there are instances where there might be other parties involved as well. These additional parties include persons who guaranty and\/or co-sign the lease agreement but who are not actually tenants renting the property. This happens often when you have a young tenant, such as a college student, who may be renting from a landlord for the first time.<\/p>\n

A “\u2018[g]uaranty\u2019 is an undertaking or promise on the part of a guarantor which is collateral to a primary or principal obligation and binds the guarantor to performance in the event of nonperformance of the principal obligor.” Industrial Inv. Corp. v. Rocca, 100 Idaho 228, 596 P.2d 100, appeal after remand, 102 Idaho 920, 643 P.2d 1090 (1979).<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

By Lane V. Erickson, Attorney The issue of guarantees and\/or co-signers on a lease agreement is related to the issue of who the parties to the lease agreement are. The person who owns the property and is renting the property is the landlord. The person who is renting the property is the tenant. Even though […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-5637","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"\nResidential Lease Agreements and Personal Guarantees|Racine Olson<\/title>\n<meta name=\"description\" content=\"If you are a landlord or a renter and you have questions about co-signing on a lease agreement, we can help. 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