Common use of GUARANTEE OF LEASE Clause in Contracts

GUARANTEE OF LEASE. The LESSEE agrees to have his parents execute the Guarantee of this lease within two weeks after the date hereof. If he or she fails to do so, the LESSOR may terminate this lease at any time by giving notice thereof to the LESSEE and use the deposit to recover the cost associated with re-renting the unit. All residents must prepay last month's rent in if parents’ reside outside of the country and cannot guarantee.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement