A personal real estate guarantee allows a tenant to have someone else, the ”co-signer” or the ”guarantor”, who guarantees a lease in case the tenant does not respect his conditions. Thus, if the tenant does not pay rent or breaks the lease for another reason, the person who co-signed, the ”guarantor”, must pay for all unfulfilled obligations. A co-signer is responsible for a lease in the same way as the tenant. Step 4 – The document is now outside the lease and the tenant is personally liable in case of default. Release of personal guarantee – Executed upon conclusion of a rental agreement or if the guarantor has to be released for another reason. Step 3 – Scroll down to the end of the document and type:. . . .