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THIRD PARTY GUARANTEE OF LEASE OBLIGATION**This form must be completed and notarized to be accepted** WHEREAS, MERIDIAN GROUP (hereinafter “Lessor “) is the rental agent for owner; and WHEREAS,
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Third party guarantee is a commitment by a third party to fulfill a borrower's obligation in case the borrower defaults on a loan.
The party providing the guarantee is required to file the third party guarantee.
To fill out a third party guarantee, the guarantor must provide their name, contact information, relationship to the borrower, and the terms of the guarantee.
The purpose of a third party guarantee is to provide additional security to a lender in case the borrower is unable to fulfill their loan obligations.
The third party guarantee must include the guarantor's details, the amount of the guarantee, the duration of the guarantee, and any conditions or limitations.
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