Fill and Sign the Massachusetts Guaranty Attachment to Lease for Guarantor or Cosigner Form

CO -SIGNER ATTACHMENT TO LEASE This agreement for the Guaranty of Payment of Rent is entered into on this, the ___ day of _______________ , 20 ___ , between the Lessor, ______________________________ , and the Co - signer/Guarantor, ______________________________ , for the guarantee by Co -signer/ Guarantor to Lessor of rent payments by the Lessee, ______________________________ , under the Lease Agreement between Lessor and Lessee for t he leased premises addressed as follows: Said Lease Agreement is incorporated herein by reference or by attachm ent hereto. Co -signer/Guarantor shall guarantee the payment to Lessor of the rental specified in the above described Lease Agreement, of $ __________ per month, owed by Lessee. The total guaranty shall be for $ __________ for the entire term of the lease, said term being as indicated in the above described Lease Agreement. Co -signer/Guarantor’s address is as follows: Co -signer/Guarantor agrees and understands that if Lessee fails to timely pay rent (‘timely payment’ being receipt of rent on or before the ___ day of the month), Co -signer/Guarantor must pay same (with all attendant late charges owin g up to the time of receipt of payment by Lessor) within five (5) days of Lessor placing written notice in the United States mail, postage pre -paid, addressed to Co -signer/Guarantor’s above -stated address, indicating that Lessee has failed to timely pay re nt. Co -signer/Guarantor understands and agrees that by entering into this Guaranty of Payment of Rent, Co -signer/Guarantor is jointly, severally and individually liable with Lessee for rent payments under the Lease agreement up to the amount of the guaran tee as described above. Co -signer/Guarantor agrees that breach of said Lease Agreement shall not be triggered by Co -signer/Guarantor’s failure to pay within three days of receipt of notice, but rather by Lessee’s failure to timely pay rent. Payment by Co -signer/Guarantor within five (5) days of notice being placed in the mail by Lessor as described above shall be considered a cure of the Lessee’s breach for non -payment of rent, and Lessor agrees not to terminate said Lease until the expiration of the five (5) day period described herein. Co -signer/Guarantor shall deliver any payments to the Lessor at the following address: In consideration of this Guaranty, Lessor, has agreed to grant (or agreed to continue without termination for a past breach for failure to pay rent), said Lease Agreement as described herein. Lessor reserves all rights under applicable law and u nder the Lease Agreement, including the right to terminate the Lease Agreement for any future failure by Lessee to timely pay rent. Lessor: _________________________________________________ Dated: ________________ Co -signer/Guarantor: ______________________________________ Dated: ________________