Minimize Lease Guarantor Liability Exposure

Cost Savings

Checklist Tasks

• Request the full lease and all addenda to review guarantor obligations.
• Check for unlimited liability clauses that could increase your exposure.
• Verify if automatic renewals extend your liability as guarantor.
• Confirm if obligation continues after subletting or roommate changes.
• Review for joint and several liability placing full rent responsibility on you.
• Ask for a written release clause defining when guarantor obligations end.
• Check if rent increases could raise your guarantor liability.
• Ensure you require written notice if the tenant defaults.
• Request a liability cap to limit your financial exposure.
• Verify if waiver of notice or right to cure reduces your options.
• Confirm landlord pursues tenant before seeking payment from you.
• Document all communications and get signed copies of amendments.