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The Rental Guarantor Form is a crucial document in Canadian residential leasing, commonly used when landlords require additional financial security beyond the primary tenant's credentials. This typically occurs with student rentals, first-time renters, or tenants with limited credit history or income. The form, compliant with provincial tenancy laws and regulations, outlines the guarantor's legal obligation to cover the tenant's financial responsibilities if they fail to meet their lease obligations. It includes essential details such as the parties involved, the scope of the guarantee, payment terms, and enforcement provisions. The document must be carefully drafted to ensure enforceability across different Canadian provinces, considering variations in local residential tenancy laws and consumer protection regulations.

1. Parties: Identifies all parties involved: the Guarantor, the Tenant(s), and the Landlord/Property Manager

2. Background: Brief context explaining the purpose of the guarantee and reference to the main lease agreement

3. Definitions: Key terms used throughout the document, including 'Guaranteed Obligations', 'Lease Agreement', and 'Term'

4. Scope of Guarantee: Detailed description of what obligations the guarantor is guaranteeing, including rent, damages, and other tenant obligations

5. Duration of Guarantee: The time period for which the guarantee remains valid, including any renewal terms

6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor, including payment obligations and timing

7. Landlord's Rights: The rights of the landlord to enforce the guarantee and seek payment from the guarantor

8. Notice Requirements: How and when notices must be given between parties

9. Enforcement: Procedures for enforcing the guarantee and collecting payment

10. Governing Law: Specification that the agreement is governed by Canadian law and the applicable province

11. Execution: Signature blocks and date of execution