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.
Alberta Corporate Mortgage Guarantee Forms
Obtain a guarantee to ensure repayment of a mortgage loan to a corporation with this package of mortgage guarantee forms for Alberta.
- The guarantee is an unconditional guarantee from a principal of the corporation who agrees to repay the principal, interest and all other sums owing under the mortgage if the corporate mortgagor defaults.
- The guarantor's liability will be to the same extent as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
- The package also includes a set of corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.
- This package of Mortgage Guarantee forms is intended to be used in the Province of Alberta, Canada.
Alberta Guarantee and Postponement of Claim
Obtain a personal guarantee from the principals of a corporate borrower with this Guarantee and Postponement of Claim for the Province of Alberta.
- The Guarantee would be given by a director, shareholder, or sole proprietor of the corporation as security 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.
- The form includes the required Guarantees Acknowledgement Act acknowledgement, as well as an affidavit of execution.
- This legal document is intended solely for use in the Province of Alberta, Canada.
Alberta Guarantee of Commercial Lease
Don't wait for a business tenant to default on its lease obligations. Get a personal guarantee from the owners beforehand with this Guarantee of Commercial Lease form for Alberta landlords.
- The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or other person with a financial interest in the tenant.
- The guarantee is unconditional and continuing.
- A guarantee of this type is typically required by the landlord prior to signing the lease.
- The guarantor agrees to pay all rent and other amounts due under the lease if the lessee defaults, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
- This is a downloadable form in MS Word format.
- This legal document is solely for use in the Province of Alberta, Canada.
Alberta Guarantees Acknowledgement Act Certificate
Prepare a Guarantees Acknowledgement Act Certificate with this free form for the Province of Alberta.
- The Certificate must be attached to a Personal Guarantee.
- The lawyer/notary public certifies that the guarantor appeared in person before them, has read the guarantee and understands it, and has acknowledged executing the guarantee.
- This Certificate is required by Alberta law and must be attached to any personal guarantee signed in the province.
- This form can only be used in Alberta, Canada.
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.
British Columbia Guarantee and Postponement
Obtain a personal guarantee to repay the debts of a corporate borrower with this Guarantee and Postponement for the Province of British Columbia.
- The Guarantee must be given by someone with a material interest in the company (such as a director, shareholder, sole proprietor, etc) to guarantee repayment of the borrower's indebtedness to a lender, in the event that the borrower defaults.
- 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.
- Once you purchase the form, it's yours to use as often as you like. There are no additional fees.
Every lender in British Columbia should have the Guarantee and Postponement form as part of their loan documentation. You can download the form immediately after purchase.
California Guaranty of Debt Obligation
If you loan money to businesses in California, have the principals of the borrower sign this Guaranty of Debt Obligation form to accompany the loan documents.
- The owners of the borrower company agree to guarantee repayment of the borrower's indebtedness.
- The Guaranty is given unconditionally. The guarantors waive the benefit of any statute of limitations affecting their liability.
- The guarantors will repay the debt upon the dissolution, insolvency, bankruptcy, receivership or business failure of the debtor.
- The guarantors have no right of subrogation until the debt is paid in full.
- This form is a digital template. Buy the form, download it, use it as often you require.
- Intended to be used only in the State of California.
Colorado Guaranty of Commercial Lease
Secure the obligations of a corporate lessee under a Commercial Lease in Colorado with this Guaranty of Lease.
- The Guaranty is given by a principal of the tenant, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant's business.
- The guaranty is absolute, unconditional and continuing.
- A guarantee of this type is 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.
- Available in MS Word format.
- Intended to be used only in the State of Colorado.
Demand Letter to Guarantor
Lenders, demand payment from a guarantor under a loan document with this Demand Letter to Guarantor.
- The letter informs the guarantor that the debtor whose indebtedness was guaranteed by the guarantor has defaulted in making payments towards the loan.
- The lender demands that the guarantor pay the outstanding amount by a certain date.
Directors Resolution to Guarantee Mortgage | Canada
Use this ready-made Directors' Resolution template to authorize a Canadian corporation to guarantee a mortgage.
- The Board of Directors resolve to have the corporation guarantee the repayment of a mortgage loan taken out by an affiliate or subsidiary, and to sign the necessary legal documents.
- This template can be used for federal corporations or for business corporations incorporated under any provincial Business Corporations Act.
Be sure your corporate records are in order. Download the Canada Directors' Resolution to Guarantee Mortgage, fill in the details and print it for passing by the Board.
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.
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.
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.
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.
Ohio 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 â„ 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.
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.
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.
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 the Province of Alberta.
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.
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.
UK Unlimited Continuing Guarantee
Prepare an Unlimited Continuing Guarantee of a debtor's indebtedness to a creditor with this template form for the UK.
- This form of Guarantee would most commonly be given by a director or member of a borrower company to guarantee repayment of a loan, credit account, or operating line advanced to the company.
- There is no limit as to the amount that the guarantor is agreeing to repay.
- This is a fully editable form - customise it as you like to fit your business needs.
The Unlimited Continuing Guarantee template is governed by English laws and can be used anywhere in the United Kingdom.
USA Non-Recourse Guaranty of Commercial Lease by Spouse
Have the spouse of the owner of a business tenant provide this Non-Recourse Guaranty of the tenant's lease in order to secure performance of the lease obligations.
- The guarantor is the spouse of a principal of the corporate tenant and is provided in addition to a guaranty made by the principal.
- The landlord requires the guaranty as a condition for accepting the sufficiency of the principal's guaranty.
- The spouse gives the landlord the right to obtain payment of sums due under the lease from property and assets owned by the spouse, whether community or jointly held property or as separate property.
To obtain the Non-Recourse Guaranty of Commercial Lease by Spouse, add it to your shopping cart and check out using one of the payment methods provided.
USA Unconditional Guarantee
When you loan money to a business, you want some assurances that the loan will be repaid even if the business does not survive. Get a shareholder, partner or proprietor of the business to execute this Unconditional Guarantee as security.
- The Guarantee sets out the guarantor's obligation to repay the loan in the event that the borrower defaults.
- The guarantor waives all of his/her rights with respect to notices of default or demand, and any rights regarding redemption or disposition of collateral.
- The guarantor must preserve the collateral pledged under the guarantee.
- The guarantor agrees to pay all of lender's costs to enforce the guarantee.
- This legal template is solely for use in the United States.