Personal Guarantees

Before you lend money to a business, get a written guarantee of repayment from the business owners. Buy a downloadable easy-to-use Personal Guarantee Form.

 

Most, if not all, commercial lenders will require a personal guarantee (or guaranty) from the principals of a business before they extend credit facilities to that business. Lenders look at a personal guarantee as a sign that the principals have faith in their business and in its ability to pay its debts, and that they intend to honor the company's commitments. A lender may not want to risk a bad loan if a business owner is not willing to take the risk of having to repay it if the business goes under.

A personal guarantee gives the lender the means to go after the personal assets of the guarantor if the company defaults on its obligations. That is why lenders and lessors generally require them, and as the percentage of businesses going under increases, the requirement for personal guarantees from directors and business owners will increase as well.

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Alabama Guaranty of Commercial Lease

Secure the obligations of a corporate tenant ⁄ lessee under a commercial lease in the State of Alabama with this unconditional and continuing Guaranty of Commercial Lease.
  • The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
  • A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
  • The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
This Alabama Guaranty of Commercial Lease template is provided in MS Word format, and is fully editable to meet your exact needs.
$17.99

Alberta Guarantee and Postponement of Claim

Obtain a personal guarantee for repayment of the debts of a corporate borrower with this Guarantee and Postponement of Claim.

  • This form is for the Province of Alberta.
  • The Guarantee is given by a principal of the corporation (such as a director, shareholder, sole proprietor), to guarantee repayment of the borrower's indebtedness to a lender if the borrower defaults in paying back the debt.
  • The guarantor also agrees that any debts owed by the borrower to the guarantor will be postponed to the debts owed to the lender, and the lender's claims would take priority.

A Guarantee and Postponement of Claim secures repayment of your debt. If you lend money or extend credit to customers in Alberta, you should have this form.

$17.99

Alberta Guarantee of Commercial Lease

Guarantee the performance of a corporate lessee's obligations under a lease with this Guarantee of Commercial Lease form for the Province of Alberta.

  • The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
  • The guarantee is unconditional and continuing.
  • A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
  • If the lessee is unable to do so, the guarantor agrees to pay all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Don't risk having a business tenant default on its lease obligations. Always get a Guarantee signed at the time the commercial lease is executed. Download the Guarantee form today.

$12.49

Alberta Guarantee of Mortgage

Obtain a guarantee for repayment of a mortgage loan with this Guarantee of Mortgage package for the Province of Alberta.

  • The guarantee is an unconditional guarantee from the guarantor to repay the principal, interest and all other sums owing by the mortgagor under the mortgage.
  • The guarantor's liability will be for all purposes as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
  • The package also includes corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.

Alberta mortgage lenders can ensure they have legal recourse against the principals of a defaulting corporate mortgagor with this package of Guarantee of Mortgage forms.

$17.99

Alberta Guarantees Acknowledgement Act Certificate

Prepare a Certificate of Notary Public form under the Alberta Guarantees Acknowledgement Act with this free form.

  • The Certificate must be attached to a Personal Guarantee.
  • The notary public certifies that the guarantor has examined the guarantee, understands the contents and has acknowledged executing the same.
  • This Certificate is required by Alberta law and must be attached to any personal guarantee signed in the province.
The Alberta Guarantees Acknowledgement Act Certificate of Notary Public form is a free downloadable legal form, available in MS Word format.
Free

Arizona Guarantee of Commercial Lease

When leasing commercial space to a tenant, always get a guarantee of the lease from one of the owners of the business. This Guarantee of Commercial Lease form is for the State of Arizona.

  • The guarantee is absolute, unconditional and continuing.
  • The document should be signed by a director, shareholder, partner, sole proprietor or other person with a financial interest in the tenant's business.
  • The guarantor agrees to pay the rent and perform all of the tenant's obligations under the lease, if the tenant is unable to do so.

To get your copy of the Arizona Guarantee of Commercial Lease form, just add it to your shopping cart and go through our secure checkout. You'll be able to download the form after purchasing it.

$6.29