Who must sign the guarantee?

• A. The landlord and guarantor
• B. The tenant and landlord
• C. The broker and client
• D. The director and landlord

Answer: (A)

A guarantee is a promise by a third party to cover the tenant’s obligations if the tenant defaults. The agreement that creates that promise is a contract between the landlord and the guarantor, with the landlord signing to bind themselves to pursue payment from the guarantor if needed. The tenant signs the lease, not the guarantee itself, so the guarantor’s obligation is secured directly with the landlord. The broker or the tenant aren’t the parties to the guarantee, and a director isn’t required unless representing the landlord in a corporate context. So the landlord and the guarantor are the proper signatories.