Surety Lease Agreement

UPDATED ON:26/10/2024

REVIEWED BY: EasyLaw

Surety Lease Agreement

A surety lease agreement is a contract that includes a suretyship clause, which is an agreement between a third party and a creditor. The third party, or surety, agrees to be responsible for the creditor if the debtor doesn’t fulfill their obligations. In a rental agreement, the surety is a co-borrower who is liable for the full debt if the tenant doesn’t pay their rent.

Categories Land title and Leasehold, Legal Templates

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