Texas Residential Lease Guaranty
Blue Bonnets, Texas Longhorn cattle, and red dirt roads are the quintessential stuff of country songs and old western movies, so it’s no surprise that people from all over the world are still drawn to the unique character of Texas. The Lone Star state is the second largest in the U.S. spanning 268,601 square miles, and quickly becoming a hot spot for our nation’s growing tech sector. Last month, The San Antonio Business Journal reported that employment has grown by approximately 314,200 jobs in the last year, and the Houston Chronicle reported last Friday that “nearly all key economic sectors added jobs during the past year”. Whether you dream of the coastal views of Corpus Christi, the funky streets and shops of Austin, the rolling fields of the Piney Woods, or anywhere in between, Texas is a great place to call home.
If you’re moving to Texas and plan on renting your new place, you’ll probably need this Residential Lease Guaranty created by the Texas Association of Realtors. This document goes along with your rental agreement, providing a legally bound co-signer or “guarantor.” It’s your job to choose a person with a healthy financial track record who can take over rental payments if you can’t pay them. This just provides extra insurance for the landlord who’s renting the property to you. If you’re a landlord renting a property in Texas, this is an excellent way to protect your investment, just in case.
No matter which side of the rental transaction you’re on, you can fill out your Texas Residential Lease Guaranty using PDFfiller‘s useful editing tools. You’re free to sign it, save it, fax it, and print it. You can even create a template with your information on it (the stuff that never changes) to use for later with other tenants.