Being a guarantor for someone’s loan or lease shows trust and support. But circumstances change, and you might need to step back from this role. Many people struggle to write a proper withdrawal letter that maintains good relationships while protecting their interests.
Reading through these sample letters will give you practical guidance on how to write your own withdrawal letter. Each sample addresses different situations and reasons, helping you find the right words for your specific case.
Sample Letters of Withdrawal as Guarantor
Here are fifteen professionally crafted letters to help you handle your guarantor withdrawal with grace and clarity.
1. Basic Withdrawal Due to Financial Changes
Subject: Withdrawal of Guarantor Status for Loan Agreement #12345
Dear Mr. Thompson,
This letter serves as formal notice of my withdrawal as guarantor for Jane Smith’s auto loan agreement (#12345) with ABC Bank, dated January 15, 2024.
My financial situation has changed significantly since becoming a guarantor. Recent adjustments to my income and new financial obligations make it impossible for me to continue serving in this capacity. The terms of the original agreement allow for withdrawal with 30 days’ notice, which this letter provides.
Please process this withdrawal request and remove my name and associated responsibilities from the guarantee agreement effective March 15, 2024. Send written confirmation of this change to my address listed below.
Thank you for your prompt attention to this matter.
Sincerely,
Robert Wilson
123 Oak Street Springfield, IL 62701
2. Withdrawal Due to Relocation
Subject: Guarantor Withdrawal Notice – Residential Lease Agreement
Dear Property Management Team,
This letter formally notifies you of my decision to withdraw as guarantor for Sarah Johnson’s lease at 456 Pine Avenue, Apartment 2B, effective April 30, 2024.
My upcoming permanent relocation to Australia requires this change. Moving overseas makes it impractical to continue serving as a guarantor, as my assets will be transferred internationally. The lease agreement stipulates that guarantors must maintain residence within the United States.
Sarah has lived in the apartment for two years with an excellent payment record. She has secured another guarantor, Michael Thompson, whose application and documentation will arrive separately.
Please acknowledge receipt of this notice and provide written confirmation once the change takes effect. Send all correspondence to my current address until March 15, 2024, after which please use my new contact information listed below.
Thank you for your assistance with this transition.
Best regards,
Patricia Anderson
Current Address: 789 Maple Drive, Portland, OR 97201
New Address: 42 Brisbane Street, Sydney, NSW 2000, Australia
3. Withdrawal Due to Strained Relationship
Subject: Notice of Guarantor Withdrawal – Business Loan #789012
Dear Loan Officer,
This letter serves as my formal notice of withdrawal as guarantor for David Chen’s business loan (#789012) with First National Bank, dated March 1, 2024.
Recent changes in my professional relationship with Mr. Chen have created a situation where continuing as his loan guarantor presents an untenable position. While maintaining appropriate discretion regarding private matters, this change requires me to withdraw my guarantee.
As per Section 7.3 of the guarantee agreement, guarantors may withdraw with 45 days’ written notice. This letter meets that requirement, making my withdrawal effective May 1, 2024.
Please send written confirmation of this change and any required additional documentation to my address below. My attorney, whose contact information follows, will handle any necessary legal proceedings.
Regards,
William Brown 321 Cedar Lane Chicago, IL 60601
Attorney Contact: James Martinez, Esq. Martinez Legal Group
312-555-0123
4. Withdrawal Due to Retirement
Subject: Guarantor Withdrawal Request – Equipment Lease #45678
Dear Leasing Department Manager,
This letter provides formal notification of my withdrawal as guarantor for Thompson Manufacturing’s equipment lease agreement (#45678), dated September 10, 2023.
My upcoming retirement on April 30, 2024, necessitates this change. As my guaranteed income will decrease substantially, maintaining guarantor status would create potential risks for all parties involved.
The company has arranged for my successor, Mark Johnson, to assume guarantor responsibilities. His financial documentation and application will arrive under separate cover.
Please process this withdrawal to take effect on my retirement date. Send confirmation and any required documentation to the address below.
Thank you for your attention to this matter.
Sincerely,
Richard Davis
567 Birch Street Detroit, MI 48201
5. Withdrawal Due to Medical Circumstances
Subject: Urgent Guarantor Withdrawal Notice – Personal Loan #234567
Dear Loan Services Department,
This letter formally requests my immediate withdrawal as guarantor for Mary Williams’ personal loan (#234567) with Citizens Bank, dated June 1, 2023.
Recent medical diagnoses require extensive treatment, creating substantial new financial obligations. These unexpected circumstances make it impossible to maintain my position as guarantor while ensuring adequate resources for medical care.
My medical provider has supplied documentation supporting this request, attached to this letter. The guarantee agreement allows for early withdrawal under medical hardship with appropriate documentation.
Please process this withdrawal request as quickly as possible. Send all correspondence and confirmation to my home address listed below.
Thank you for your understanding and prompt attention.
Respectfully,
Susan Martinez 890 Elm Court Boston, MA 02108
6. Withdrawal from Multiple Agreements
Subject: Consolidated Guarantor Withdrawal Notice – Multiple Agreements
Dear Account Services Team,
This letter serves as formal notice of my withdrawal as guarantor from the following agreements with XYZ Financial Services:
– Auto Loan #AB12345 (Primary Borrower: John Smith) – Personal Loan #CD67890 (Primary Borrower: Sarah Smith) – Business Line of Credit #EF13579 (Primary Borrower: Smith Family LLC)
Changes to my financial portfolio require consolidation and reduction of contingent liabilities. This decision affects all guarantee agreements with your institution.
Each agreement permits withdrawal with 60 days’ notice. This letter provides such notice, making these withdrawals effective April 20, 2024.
Please process these requests concurrently and send separate confirmations for each withdrawal to my address below.
Regards, Michael Thompson
432 Walnut Avenue Seattle, WA 98101
7. Withdrawal Due to Business Dissolution
Subject: Guarantor Withdrawal – Commercial Property Lease
Dear Property Management,
This letter provides formal notice of my withdrawal as guarantor for the commercial property lease at 789 Business Center, Suite 400, effective immediately.
The dissolution of Johnson & Partners LLC, finalized on February 1, 2024, necessitates this withdrawal. As the business has ceased operations, maintaining guarantor status for its lease obligations presents an unnecessary liability.
The lease agreement specifies that business dissolution constitutes grounds for immediate guarantor withdrawal. Supporting documentation from the Secretary of State’s office confirming the company’s dissolution accompanies this letter.
Please process this withdrawal and provide written confirmation to my address below.
Thank you for your assistance.
Sincerely,
Jennifer Johnson
123 Highland Drive Austin, TX 78701
8. Withdrawal with Replacement Guarantor
Subject: Guarantor Replacement Notice – Student Housing Lease
Dear Housing Authority,
This letter formally notifies you of my withdrawal as guarantor for Thomas Anderson’s student housing lease at University Towers, Apartment 506, effective March 31, 2024.
Thomas’s uncle, Mr. Robert Anderson, will replace me as guarantor. His completed application, financial documentation, and acceptance of guarantor responsibilities accompany this letter.
The lease agreement allows guarantor substitution with 30 days’ notice and property management approval. This letter satisfies the notice requirement.
Please process this change and send written confirmation to both my address and the new guarantor’s address, listed below.
Thank you for your cooperation.
Best regards,
Elizabeth Carter
678 University Lane Berkeley, CA 94701
9. Withdrawal Due to Bankruptcy
Subject: Mandatory Guarantor Withdrawal Notice – Loan #901234
Dear Loan Officer,
This letter serves as formal notice of my required withdrawal as guarantor for Linda Martinez’s home improvement loan (#901234) with Security Bank, dated August 15, 2023.
My recent Chapter 7 bankruptcy filing necessitates this withdrawal. The bankruptcy court has instructed termination of all guarantee agreements. Case number BK-2024-123456 and relevant court documents accompany this letter.
Please process this withdrawal immediately as required by law. Send confirmation of this change to my attorney’s office, listed below.
Thank you for your prompt attention to this matter.
Regards,
David Wilson c/o Lisa Brown, Attorney at Law
901 Legal Plaza Miami, FL 33101
10. Withdrawal Due to Primary Borrower’s Default
Subject: Guarantor Withdrawal Notice – Equipment Finance Agreement #567890
Dear Collections Department,
This letter provides formal notice of my withdrawal as guarantor for Green Landscaping LLC’s equipment finance agreement (#567890), dated October 1, 2023.
The company’s repeated payment defaults and failure to respond to collection notices require this action. Section 12.4 of the guarantee agreement permits withdrawal following three consecutive missed payments by the primary borrower.
Please provide a complete payment history and current balance statement along with confirmation of this withdrawal request.
Thank you for your attention to this situation.
Sincerely,
George Thompson
345 Business Park Drive Phoenix, AZ 85001
11. Withdrawal from Joint Guarantee
Subject: Partial Guarantor Withdrawal – Commercial Loan #678901
Dear Commercial Lending Department,
This letter serves as formal notice of my withdrawal from the joint guarantee agreement for Southwest Properties LLC’s commercial loan (#678901), dated December 1, 2023.
My business partnership with Southwest Properties LLC ended on January 31, 2024. The remaining guarantors have agreed to assume my portion of the guarantee obligations.
The guarantee agreement allows individual withdrawal from joint guarantees with consent from remaining guarantors. Their signed consent forms accompany this letter.
Please process this partial withdrawal and send written confirmation to my address below.
Regards,
Maria Rodriguez
567 Commerce Street San Antonio, TX 78205
12. Withdrawal Due to Death of Primary Borrower
Subject: Guarantor Withdrawal – Lease Agreement Termination
Dear Property Management,
This letter formally notifies you of my withdrawal as guarantor for the residential lease agreement at 123 Sunset Avenue, Unit 3C, following the death of the primary tenant, Robert Brown.
Mr. Brown’s death certificate and documentation of lease termination accompany this letter. The guarantee agreement specifically provides for guarantor release upon death of the primary tenant.
Please process this withdrawal immediately and send written confirmation to my address below.
Thank you for your understanding during this difficult time.
Sincerely,
James Wilson
789 Mountain View Road Denver, CO 80201
13. Withdrawal Due to Contract Breach
Subject: Guarantor Withdrawal Notice – Loan Agreement #345678
Dear Legal Department,
This letter serves as formal notice of my immediate withdrawal as guarantor for Premium Services LLC’s loan agreement (#345678), dated July 1, 2023.
Your institution’s modification of loan terms without guarantor consultation constitutes a breach of Section 15.2 of the guarantee agreement. This breach permits immediate guarantor withdrawal without penalty.
Documentation of the unauthorized modifications accompanies this letter. Please process this withdrawal effective immediately.
All future correspondence should go through my legal representative, listed below.
Regards,
Thomas Anderson c/o Margaret White, Attorney
901 Legal Center Dallas, TX 75201
14. Withdrawal Due to Misrepresentation
Subject: Immediate Guarantor Withdrawal – Credit Agreement #123789
Dear Risk Management Department,
This letter provides notice of my immediate withdrawal as guarantor for Pacific Trading Company’s credit agreement (#123789), dated November 15, 2023.
Recently discovered misrepresentations in the company’s financial statements, provided during the credit application process, necessitate this action. The guarantee agreement specifically allows withdrawal upon discovery of material misrepresentation.
Evidence of these misrepresentations accompanies this letter. Please process this withdrawal immediately and provide written confirmation.
Thank you for your prompt attention to this serious matter.
Sincerely,
Robert Chang
234 Financial Plaza San Francisco, CA 94101
15. Withdrawal Due to Regulatory Changes
Subject: Regulatory Compliance Guarantor Withdrawal
Dear Compliance Department,
This letter serves as formal notice of my withdrawal as guarantor for Eastern Manufacturing’s equipment lease agreements, necessitated by recent regulatory changes affecting financial institutions.
The new regulations, effective March 1, 2024, prohibit certain types of guarantee arrangements for regulated entities. This withdrawal ensures compliance with these new requirements.
Please process this withdrawal to take effect before the regulatory deadline. Send confirmation and any required documentation to my address below.
Thank you for your assistance with this compliance matter.
Regards,
Samuel Lee
456 Regulatory Lane Washington, DC 20001
Wrapping Up
Each letter shown above demonstrates key elements of an effective guarantor withdrawal notice. Clear reasons, specific details, and professional tone help maintain good relationships while protecting your interests. These samples serve as reliable guides for writing your own withdrawal letter, allowing you to handle this sensitive matter appropriately.