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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Guarantee Deed and Indemnity | Australia

Lenders in Australia can ensure the repayment of a corporate loan by having a principal of the corporate borrower execute this Guarantee Deed and Indemnity.

  • A director, officer, or shareholder guarantees that he/she will repay the company's debt in the event that the company is unable to clear the debt on its own.
  • The guarantor also indemnifies the lender with respect to any part of the indebtedness that cannot be recovered from the guarantor.
  • This is a continuing guarantee which will remain in effect until all of the borrower's indebtedness to the lender has been paid in full.
  • This is a fully editable legal form that can be used anywhere throughout Australia.
  • For security purposes, every loan to a corporate entity should include a personal guarantee. You can download this form for your credit office immediately after purchase.
$9.99

Guarantor Consent to Assignment of Mortgage | Canada

Prior to assigning a mortgage to a new lender, any guarantor to the mortgage should give their consent by signing this Guarantor Consent Form.

  • If a personal guarantee has been given as security for a mortgage loan and the mortgagee wants to assign the mortgage to another lender, the guarantor must consent to the assignment.
  • The guarantor acknowledges that he is aware that the guarantee he gave for repayment of the mortgage loan is still binding, notwithstanding the assignment.
  • This is a downloadable legal form which can be used anywhere in Canada.

Make sure your paperwork is complete - download the Guarantor Consent to Assignment of Mortgage form.

$2.29

Guaranty of Payment and Endorsement of Instrument | USA

Get a guaranty of payment of a borrower's loan from a guarantor with this easy downloadable form.

  • In addition to guaranteeing repayment of the loan, the guarantor acknowledges that a signature on the guarantee is intended to be an endorsement of the loan instrument.
  • Any change, extension, or waiver under the loan instrument will not affect the guarantor's liability.
  • This form can be used in any part of the United States or its territories with the applicable notary acknowledgement.
  • Available in MS Word format.
$2.29

New Jersey Guaranty of Commercial Lease

If you lease space to business tenants in New Jersey, always have one of the company's owners or managers execute this Guaranty of Commercial Lease form to ensure that the lease costs will be paid if the tenant defaults.

  • The Guaranty is absolute, unconditional and continuing.
  • The document should be signed by a person or corporate entity that has a material interest in the tenant, such as a shareholder or partner.
  • The guarantor agrees to pay the rent and perform all of the tenant's obligations under the lease, if the tenant defaults.
  • The landlord has the right to bring suit against the guarantor whether or not it decides to take legal action against the tenant.
  • Available in MS Word format.
  • Intended to be used only in the State of New Jersey.
$17.99

Ohio Guaranty of Commercial Lease

Secure the obligations of a corporate tenant ⁄ lessee under a commercial lease in the State of Ohio 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 Ohio Guaranty of Commercial Lease template is provided in MS Word format, and is fully editable to meet your exact needs.
$17.99

Ontario Guarantee and Postponement of Claim

This Ontario Guarantee and Postponement of Claim is a means of securing repayment of the indebtedness of a corporate borrower.

  • The guarantor is a director, shareholder, sole proprietor or other person with a material interest in the business of the borrower.
  • The guarantor guarantees that he/she will repay the indebtedness to the lender if the borrower defaults in payment.
  • The guarantor 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.
  • To access the form, add it to your cart and click on the checkout button to pay for your purchase. You can then download the form to your PC, laptop or tablet.
  • Intended for use in the Province of Ontario, Canada.
$12.49

Ontario Guarantee of Commercial Lease

Secure the lease obligations of a corporate tenant in the Province of Ontario with this unconditional and continuing Guarantee of Commercial Lease.

  • 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 being given as a means to induce the landlord to execute 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.
  • Never sign a commercial lease with a business tenant without also getting a personal guarantee of the lease. Buy the form, download it, fill in the details, print and get a signature.
  • Available in MS Word format.
  • Intended to be used only in the Province of Ontario, Canada.
$11.99

Personal Guarantee of Corporate Mortgage | Canada

Prepare a Personal Guarantee of Corporate Mortgage with this downloadable template for Canadian lenders.

  • The guarantor is a principal of the company obtaining the mortgage loan.
  • The guarantee is taken by the lender to secure repayment of the mortgage.
  • This form of guarantee is typically required by all major banks and other lenders as additional loan security.
  • The Personal Guarantee of Corporate Mortgage is a digital legal form that can be used across Canada. It includes a Guarantees Acknowledgment Act form for use in the Province of Alberta.
$17.99

Revocation of Guarantee

Revoke a guarantee given to secure the debts of another party with this Revocation of Guarantee form.

  • The guarantor of a loan or other debt instrument gives notice of the revocation to the secured party or lender who holds the security.
  • The guarantor revokes its guarantee with respect to any amounts lent to the debtor AFTER the date of the revocation.
  • This is a generic legal form which is not country-specific.
This Revocation of Guarantee form is available as a downloadable and fully editable MS Word file.
$2.29

UK Limited Guarantee

This Limited Guarantee form provides a lender with a means to ensure that loan or credit facilities extended to a business customer are repaid by a principal of the business.

  • This form can be used throughout the United Kingdom.
  • The guarantor would be a director, member, officer or other person with a material interest in the borrower company.
  • The guarantee is limited in that the guarantor only guarantees repayment of the borrower's debt up to a specified maximum amount.
  • The guarantor's liability will continue in force until the guarantee is terminated.

To download this form, simply add it to your shopping cart and check out with one of our available payment options.

$6.29