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Parental Guaranty
Free parental guaranty template — a parent guarantees a minor or young adult's financial obligation under a lease, loan, or contract.
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This free parental guaranty covers 1. Guaranty, 2. Scope, 3. Continuing Guaranty, 4. No Requirement to Pursue Principal First, 5. Waiver with 7 clearly marked [placeholder] fields to fill in — built for individuals and small businesses handling a straightforward legal document themselves needing a clear, professional document without commissioning custom legal drafting for a routine situation. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Parental Guaranty
Guarantor (Parent/Guardian): [Name] · Principal Obligor (Student/Child): [Name] Underlying Agreement: [Reference — e.g. lease dated [Date]] · Date: [Date]
1. Guaranty
In consideration of [Landlord/Lender/Other Party] entering into the underlying agreement with [Principal Obligor], Guarantor unconditionally guarantees full and timely payment of all amounts due under that agreement.
2. Scope
This guaranty covers [rent, fees, damages, and any other amounts owed under the underlying agreement], up to a maximum of [Amount, if capped, or "the full amount owed"].
3. Continuing Guaranty
This guaranty remains in effect for the full term of the underlying agreement, including any renewal or extension, unless Guarantor is released in writing by [Other Party].
4. No Requirement to Pursue Principal First
[Other Party] may enforce this guaranty directly against Guarantor without first attempting to collect from [Principal Obligor].
5. Waiver
Guarantor waives notice of default by [Principal Obligor] as a condition of Guarantor's obligation under this guaranty.
Guarantor signature: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. Section 4 is the term guarantors most often overlook — most guaranties let the landlord or lender come straight to the parent for payment without first trying (and failing) to collect from the student or child.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 5 standard sections: 1. Guaranty, 2. Scope, 3. Continuing Guaranty, 4. No Requirement to Pursue Principal First, 5. Waiver
- 7 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Before involving a lawyer
A solid starting draft to review with counsel, or to use directly for a low-stakes situation.
FAQ
Is this parental guaranty template really free?
Yes — this Parental Guaranty template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this parental guaranty cover?
This legal template includes 1. Guaranty, 2. Scope, 3. Continuing Guaranty, 4. No Requirement to Pursue Principal First. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. Legal documents are exactly where a generic template is most likely to miss something that matters — the right structure, required disclosures, and even which clauses are enforceable all vary by state and situation. Use this as a starting point for a conversation with a licensed attorney, not a substitute for one.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 7 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free legal and related document templates in the docstoc library at /document-templates/.
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Why use this instead of a generic template
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Legality
Templates are drafted for general use, not a substitute for legal advice — check the note on each page for specifics.
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Speed
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