I would like to know what is a Guarantor Joinder rental agreement? My daughter intends to rent a unit with 4 friends in a college apartment complex, off-campus, and the contract is named "Guarantor Joinder (Florida)". The first sentence reads: "Each Guarantor, jointly & severally with all other guarantors, guarantees the observance and performance of all agreements and obligations... " . I am attaching the contract for your review. I want to be responsible ONLY for our portion of the rental. They charge $600 per person, so I should be able to sign some binding document on MY portion alone. Any help is greatly appreciated.

Sounds like you along with other guarantors are agreeing to cover the rental payments. I would suspect this is pretty standard for off campus college rentals.

And the clause you cited is also a standard for rentals. It means what you think it means. That any one guarantor can be held responsible for the TOTAL rental.

If you want to only be responsible for your daughter's share then you should not sign that agreement. You can try negotiating a separate deal with the landlord, but don't be surprised if he refuses to do so. Your daughter may need to find other accommodations.

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Originally Posted by guscusi

... what is a Guarantor Joinder rental agreement? ...

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It's a phrase someone made up, apparently with the intent that it describe the document of which it is the title.

A rental agreement is, simply, a lease.

"Joinder" means the act of joining in. So, in this sense, it would appear to mean agreeing to be included and bound by the terms of the original rental agreement.

A "guarantor" is someone who guarantees that moneys due under a contract will be paid. It is a co-signer, in other words.

So a "guarantor joinder rental agreement" would, I guess, be an addendum to a lease by which someone agrees to co-sign a lease.

Scott,

Thank you very much for your reply. I also feel that it is risky and that the landlord's goal is to have several guarantors, in which case I will not take the risk. Thanks again!