Common use of JOINT AND SEVERAL AGREEMENT Clause in Contracts

JOINT AND SEVERAL AGREEMENT. All Residents and all guarantors (if any) who sign this lease are jointly and severally responsible for the payment of rent to the Landlord and for damages caused to the rental unit (physical damage, unpaid utility bills, and rent in arrears). Failure to meet the terms and conditions of the contract by one or more of the Residents or by any guarantor shall be considered a failure of all Residents and guarantors to meet the terms and conditions of the contract, and all shall remain jointly and severally responsible for same.