Are there any laws governing the use of a third-party guarantor?

In California, there are laws governing the use of a third-party guarantor. Under these laws, a third-party guarantor is an individual who agrees to be responsible for an apartment lease agreement when the tenant fails to fulfill their obligations. The third-party guarantor is legally bound to make any payments due under the lease agreement should the tenant fail to do so. In California, the third-party guarantor must be made aware of their meant obligations by the tenant in writing, and must provide written consent to the landlord. The landlord must provide the tenant and the third-party guarantor with specific information about their rights and obligations under the lease agreement. The amount of liability that the guarantor is held to under the agreement must also be defined and the third-party guarantor must be aware of the consequences of acting as the guarantor, which includes having to pay for any damages caused by the tenant. Under California Landlord and Tenant Law, a tenant can only have one third-party guarantor, and the landlord has the right to refuse a guarantor if they feel that the third-party guarantor is not suitable. The landlord must also provide the third-party guarantor with the same rights and protections as they provide to the tenant, such as the right to receive proper notice before any eviction actions take place.

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Are there any laws governing the use of a third-party guarantor?

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