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If we are giving a property owner a rental guarantee is there a separate agreement?

A) Yes
B) No

1 Answer

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Final answer:

Yes, if you are giving a property owner a rental guarantee, there is usually a separate agreement involved. A rental guarantee is a promise made by a third party to pay the rent on behalf of the tenant if they are unable to do so.

Step-by-step explanation:

Yes, if you are giving a property owner a rental guarantee, there is usually a separate agreement involved. A rental guarantee is a promise made by a third party, such as a financial institution, to pay the rent on behalf of the tenant if they are unable to do so. Yes, if you are giving a property owner a rental guarantee, there is usually a separate agreement involved. A rental guarantee is a promise made by a third party to pay the rent on behalf of the tenant if they are unable to do so. This agreement is typically documented in a separate contract to outline the terms and conditions of the rental guarantee.

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