Withdraw as Guarantor: Sample Letters & Key Considerations

Sample Letter 1: General Withdrawal

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Withdrawal of Guarantee for Loan/Lease Agreement

Dear [Lender/Landlord Name],

This letter serves as formal notification of my withdrawal as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I request that my withdrawal be effective as of [Desired Effective Date]. Please confirm receipt of this letter and provide information regarding the process for formally releasing me from my obligations as guarantor.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 2: Withdrawal Due to Changed Circumstances

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Withdrawal of Guarantee for Loan/Lease Agreement – Changed Circumstances

Dear [Lender/Landlord Name],

This letter serves as formal notification of my withdrawal as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Due to unforeseen changed circumstances, I am no longer able to continue as a guarantor. I request that my withdrawal be effective as of [Desired Effective Date]. Please confirm receipt of this letter and provide information regarding the process for formally releasing me from my obligations as guarantor.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 3: Request for Information

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Inquiry Regarding Withdrawal as Guarantor for Loan/Lease Agreement

Dear [Lender/Landlord Name],

This letter is to inquire about the possibility of withdrawing as a guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I would like to understand the process and requirements for withdrawing as guarantor. Could you please provide me with information on the necessary steps and any potential fees associated with this process?

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 4: Request for Borrower to Find Replacement Guarantor

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Withdrawal of Guarantee for Loan/Lease Agreement and Request for Replacement Guarantor

Dear [Lender/Landlord Name],

This letter serves as formal notification of my withdrawal as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I request that the borrower, [Borrower’s Name], be informed that they need to find a replacement guarantor acceptable to [Lender/Landlord Name] in order for my withdrawal to be approved. I request that my withdrawal be effective as of [Desired Effective Date], contingent upon a suitable replacement guarantor being found. Please confirm receipt of this letter and provide information regarding the process for formally releasing me from my obligations as guarantor, as well as the criteria for a replacement guarantor.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 5: Withdrawal due to Borrower Financial Stability

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Withdrawal of Guarantee for Loan/Lease Agreement – Borrower Financial Stability

Dear [Lender/Landlord Name],

This letter serves as formal notification of my withdrawal as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Since signing the agreement, I believe that [Borrower’s Name] has show to be financially stable for more than [Number] years and is capable of paying for the agreement. I request that my withdrawal be effective as of [Desired Effective Date]. Please confirm receipt of this letter and provide information regarding the process for formally releasing me from my obligations as guarantor.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 6: Request for a copy of guarantee agreement

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for a copy of guarantee agreement for Loan/Lease Agreement

Dear [Lender/Landlord Name],

I’m writing to request a copy of my guarantee agreement for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Kindly send the document to [Your Email] or [Your Address]. I will need this for future purposes. Please confirm receipt of this letter.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 7: Guarantee expired per agreement

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Confirmation of Guarantee Agreement Expiration

Dear [Lender/Landlord Name],

I’m writing to confirm that guarantee agreement expired for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Per agreement it will expired this [Date of Expiration]. Please acknowledge this for my personal record. Thank you for your confirmation.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 8: Borrower has Fully paid the Debt

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request Confirmation Letter of Guarantor Released

Dear [Lender/Landlord Name],

This is to formally notify you that [Borrower’s Name] has fully paid their [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount] last [Date].

In this regard, I would like to request a release letter that will cleared my name as guarantor for record purposes. Thank you.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 9: Request Release of Hold Funds for Collateral

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request Release of Hold Funds for Collateral

Dear [Lender/Landlord Name],

I’m writing to follow-up and request for the release of hold funds as collateral after the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount] was fully paid.

I’m hoping for your kind assistance in this matter.

Thank you for your time and attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 10: Request for Withdrawal because of Personal Loan

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for Withdrawal because of Personal Loan

Dear [Lender/Landlord Name],

I’m writing to request withdrawal from being the guarantor due to applying for personal loan in [Bank Name].

I hope you will grant my request. Thank you.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 11: Offer to payout remaining balance

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Offer to payout remaining balance

Dear [Lender/Landlord Name],

I’m writing to request my withdrawal to being the guarantor, but I’m offering to payout the remaining balance of the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I hope you will grant my request. Thank you.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 12: Request for installment payment

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for installment payment

Dear [Lender/Landlord Name],

I’m writing to request my withdrawal to being the guarantor, but I’m offering to installment the payout the remaining balance of the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I hope you will grant my request. Thank you.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 13: Request for contact details of borrower

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for contact details of borrower

Dear [Lender/Landlord Name],

I’m writing to request borrower contact details for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I need to contact him/her in regards to withdrawal letter. I hope you will grant my request. Thank you.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 14: For Loan/Lease has transferred to new owner

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: For Loan/Lease has transferred to new owner

Dear [Lender/Landlord Name],

I’m writing to formal notify you that the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount] has transfered to new owner [New Lender/Landlord Name]. I would like to formally withdraw as the guarantor.

I hope you will grant my request. Thank you.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 15: Formal Legal Notice of Withdrawal

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Formal Legal Notice of Withdrawal

Dear [Lender/Landlord Name],

Please be advised that this letter constitutes formal legal notice of my intention to withdraw as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount]. I am taking this action based on [State the legal reason for withdrawal, e.g., breach of contract by the borrower, material misrepresentation in the original agreement, significant change in the borrower’s financial circumstances that increases the risk to the guarantor].

My withdrawal will be effective on [Desired Effective Date]. Please be further advised that I will pursue all available legal remedies to enforce my right to withdraw if necessary. I strongly recommend that you seek independent legal counsel to assess the implications of this notice.

Sincerely,
[Your Signature]
[Your Typed Name]

Disclaimer: This is a sample legal notice and should only be used in consultation with an attorney. The legal reasons for withdrawal must be valid and supportable by evidence.

Sample Letter 16: Request for Independent Assessment of Borrower’s Creditworthiness

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for Independent Assessment of Borrower’s Creditworthiness

Dear [Lender/Landlord Name],

This letter concerns my role as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount]. Prior to formally requesting withdrawal as guarantor, I request that you conduct an independent assessment of [Borrower’s Name]’s current creditworthiness.

If the assessment demonstrates that [Borrower’s Name] now possesses sufficient financial stability and credit history to independently secure the [Loan/Lease] without a guarantor, I would expect a smooth transition and my release from the guarantee. Please provide details on the process and cost associated with such an assessment.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 17: Proposed Amendment to Guarantee Agreement – Limited Guarantee

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Proposed Amendment to Guarantee Agreement – Limited Guarantee

Dear [Lender/Landlord Name],

This letter relates to my role as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount]. Rather than outright withdrawal, I propose an amendment to the existing guarantee agreement to limit my liability.

I am willing to continue as a guarantor under a revised agreement that limits my guarantee to a specific amount ([State Amount]), a specific timeframe ([State Timeframe]), or specific circumstances ([State Circumstances]). This would allow you to retain some security while also reducing my overall risk exposure. I am open to discussing specific terms and conditions that are mutually agreeable.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 18: Acknowledge Agreement and Request Release Documentation

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Acknowledge Agreement and Request Release Documentation

Dear [Lender/Landlord Name],

I am writing to acknowledge the agreement reached on [Date of Agreement] regarding the withdrawal of my guarantee for the [Loan/Lease] agreement entered into on [Date of Original Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

As per our agreement, I kindly request the formal documentation releasing me from all obligations and liabilities as a guarantor, which has been fulfilled by [Describe the circumstances of agreement].

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 19: Request Release of Collateral After Borrower Refinance

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request Release of Collateral After Borrower Refinance

Dear [Lender/Landlord Name],

I am writing to formally request the release of collateral, specifically [Describe the collateral], pledged as part of my guarantee for the [Loan/Lease] agreement originally entered into on [Date of Original Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

I have been informed and have verified that [Borrower’s Name] has successfully refinanced the [Loan/Lease] agreement with a new lender on [Date of Refinance], thereby satisfying the original debt obligation to your institution. With the original loan satisfied, my guarantee is no longer necessary, and the collateral should be released to [Your Name or Borrower’s Name, depending on agreement].

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 20: Reminder to Remove Guarantor Obligation

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Reminder to Remove Guarantor Obligation

Dear [Lender/Landlord Name],

I am writing to follow up on my previous letter dated [Date of Previous Letter] regarding my withdrawal as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

The agreed-upon conditions for my release were met on [Date of Conditions Met], specifically [List the met conditions]. Therefore, I kindly request that you expedite the process of formally removing my name as guarantor.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 21: Withdrawal due to Irreconcilable Differences with the Borrower

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Withdrawal as Guarantor Due to Irreconcilable Differences

Dear [Lender/Landlord Name],

Please accept this letter as formal notification of my intent to withdraw as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Due to irreconcilable differences and a breakdown in our relationship, I am no longer able to continue as a guarantor for [Borrower’s Name]. I am concerned that this situation may impact my ability to effectively fulfill my responsibilities as a guarantor. My withdrawal should be effective as of [Date].

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 22: Request for Clarification of Guarantee Obligations

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Lender’s/Landlord’s Name]
[Lender’s/Landlord’s Address]

Subject: Request for Clarification of Guarantee Obligations

Dear [Lender/Landlord Name],

I am writing to request a detailed clarification of my current obligations as guarantor for the [Loan/Lease] agreement entered into on [Date of Agreement] between [Borrower’s Name] and [Lender/Landlord Name] for the amount of [Loan Amount/Lease Amount].

Specifically, I would like to know the outstanding balance of the [Loan/Lease], the terms and conditions of my guarantee (including any limitations or exclusions), and the steps required to potentially withdraw as guarantor. This information will help me make an informed decision about my future role in this agreement.

Sincerely,
[Your Signature]
[Your Typed Name]