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Parent Co-Signer

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Parent Co-Signer Form

Welcome to First Site! Your student recently signed a lease for the 2024/25 school year. Your son/daughter selected you as a co-signer! We are delighted to have you join our community, First Site is the ultimate home for Illinois State students.

 
                                                                         Guaranty of Lease 

 

The Lessee is required to provide a third-party guarantor to guarantee Lessee’s obligations under the Lease.

 

  1. Now therefore in consideration of the Lessor entering into, executing, and delivering the attached Lease, the Guarantor(s) agree as follows:

 

  1. Guarantor has examined, approved, and understands the terms, conditions, and covenants of the Lease, including each, and every, joint and several obligations of Lessee to satisfy full performance of all Lease terms, and hereby accepts Guarantor’s obligations to guarantee the performance of the Lease terms, including all financial obligations.
  2. Guarantor hereby guarantees Lessee’s obligations under the Lease, including, without limitations, the obligations for payment of Rent, Additional Rent, damages, late fees, and any costs and expenses of collection (including attorneys’ fees) in the event of Lessee’s failure to satisfy the Lease terms.
  3. Except as otherwise outlined in this Guaranty of Lease, this guaranty is primary, absolute, and unconditional and shall not be released, discharged, mitigated, impaired, or affected by any modifications of the Lease or by a waiver of or failure by the Lessor to enforce any of the terms, covenants, and conditions of the lease, or by any extension of time or indulgence extended by Lessor to the Lessee.
  4. Lessor may proceed directly against Guarantor as to any violation of the Lease, without being required to first proceed against Lessee, or any other lessee, under the Lease.  Further, the Lessor shall not be required to exhaust any other rights or remedies, and the Guarantor shall be considered to be a co-signer to the Lease. Notices given to Lessee shall be deemed to be legal notice to Guarantor. The guarantor shall have no possessory rights to the leased premises.
  5. Guarantor’s liability under this agreement shall not be deemed to be waived, released, discharged, mitigated, impaired, or affected because of the filing or the discharge by the Lessee in any bankruptcy, reorganization, or insolvency proceedings.
  6. This Guaranty of Lease, and the obligations of the Guarantor under the Lease, may only be amended by a written signed Lessor, Lessee, and Guarantor.
  7. Lessor shall be entitled to all remedies available at law or in equity to enforce the terms of the Lease, and this Guaranty of Lease.
  8. Lessor may pursue its remedies under this Guaranty of Lease concurrently with or independently of any such action or proceeding against the Lessee under the lease.
  9. This Guaranty of Lease shall be construed by the laws of the State of Illinois, notwithstanding any conflicts of law.  Any action to interpret or enforce this Guaranty of Lease shall occur in the County and State in which the leased property is located.
  10. The guarantor was allowed to secure legal advice regarding this Guaranty of Lease, and the undersigned’s obligations under the Lease.  Guarantor is over the age of 18 and has not been adjudged incompetent. The guarantor is offering this Guaranty of Lease knowingly and voluntarily and is under no duress or coercion.
  11. The Parties agree that this Guaranty of Lease should be electronically signed, and said electronic signatures shall have the same force and effect as an original signature. 
  12. This Guaranty of Lease shall inure to the benefit of Lessor, its officers, directors, employees, agents, personal representatives, successors, and assigns, and shall be binding upon Guarantor(s), his/her heirs, executor, estate, and/or trust administrator.  A guarantor may not terminate or assign his/her obligations under this Guaranty of Lease.
Resident
Please include Apartment #
Guarantor #1 (Required)
Guarantor #2 (Optional)
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Uploaded file must be either .jpg or .png, and no larger than 10mb.

 

If you are submitting as co-signers, only one ID is required.

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Submitted on this the 14th day of April, 2024.

 

I have read and understood the attached Guaranty of Lease, and Lease, and verify that the documents submitted are complete, true and accurate, and reflect my personal signature. I agree to electronic signature of this Guaranty of Lease, and that the attached shall be given the same force and effect as an original signature.

Please check that all information entered is accurate before submitting.