Free Maine Lease Guaranty Agreement
A co-signer/guarantor agreement where a third party guarantees the tenant's lease obligations including rent, damages, and fees. Compliant with Me. Rev. Stat. tit. 14, § 6001 et seq..
What's Included in Your Lease Guaranty Agreement
9 key sections — state-compliant for Maine
What's Included in Your Lease Guaranty Agreement
9 key sections — state-compliant for Maine
Free Maine Lease Guaranty Agreement Template
Need a co-signer for a tenant in Maine? Our free lease guaranty agreement creates a binding contract where a guarantor accepts financial responsibility for the tenant's lease obligations.
When Landlords Require a Guarantor
- Insufficient credit history — Students, recent graduates, new professionals
- Low income-to-rent ratio — Tenant doesn't meet income screening thresholds
- No rental history — First-time renters
- Self-employed tenants — Irregular income documentation
What the Guarantor Is Responsible For
Under this Maine-compliant guaranty:
- Monthly rent — Full amount if tenant defaults
- Damages — Beyond normal wear and tear
- Late fees — Per Maine regulations (4% of monthly rent after 15-day grace)
- Legal costs — If eviction becomes necessary
Frequently Asked Questions: Maine Lease Guaranty Agreement
What is a lease guarantor in Maine?
A lease guarantor (co-signer) is a third party who legally agrees to cover the tenant's financial obligations if the tenant defaults. In Maine, the guarantor is jointly liable under the lease terms.
Can a landlord sue a guarantor in Maine?
Yes. Under a guaranty agreement in Maine, the landlord can pursue the guarantor for unpaid rent, damages, and fees — often without first suing the tenant.
How long does a lease guaranty last?
Typically for the entire lease term plus any renewals. Our template specifies that the guaranty ends after all tenant obligations are fulfilled and the security deposit is properly returned per Maine law.
Is this guaranty agreement template free?
Yes, 100% free. Generate your Maine lease guaranty agreement and download a PDF instantly. No account needed.