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(Lessee)SURETY AGREEMENT FOR (Tenant Name)PROPERTY ADDRESS:, East Lansing, Michigan We, the undersigned (Surety), are the parents, guardians, or other responsible parties, of the Lessee named above (Lessee).
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Surety agreement is a contract where a third party agrees to be responsible for the debt or obligation of a primary party.
A party seeking to obtain credit or enter into a contract may be required to file a surety agreement.
To fill out a surety agreement, one must include information about the parties involved, the terms of the agreement, and the obligations being guaranteed.
The purpose of a surety agreement is to provide financial security to the party receiving the guarantee.
The surety agreement must include details about the parties involved, the obligations being guaranteed, and any conditions or terms of the guarantee.
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