In relation to a lease / tenancy / rental, a guarantee is given by Tenant's parent / employer to the Landlord for the Tenant's obligations. This is drafted in favour of the Landlord.
This document refers to the Tenancy Agreement between the Landlord and the Tenant. In consideration of the Landlord entering into the Agreement, the Guarantor of the Tenant guarantees (as principal obligor and not merely as a surety) to the Landlord the proper and punctual observance and performance by the Tenant of all its obligations, commitments, and undertakings under or pursuant to the Agreement).
If and each time that the Tenant fails for any reason whatsoever to perform or observe any of the obligations, commitments, or undertakings referred to in clause 1, the Guarantor shall forthwith upon demand unconditionally that they commit themselves irrevocably to pay the Landlord an amount not exceeding amount under the presumption that the Landlord is in compliance with their obligations under the respective Agreement.
This guarantee relating to the Tenancy Agreement template shall be carefully read by the Guarantor and the Landlord.
This guarantee to the Landlord may be used upon a lease of residential property between the Tenant and the Landlord, whereby the guarantee is drafted in favour of the Landlord.
The guarantor should sign and return a copy of the document. The name of the Tenant, the relationship between the Tenant and Guarantor, and the date of the Agreement should all be clearly stated in the agreement.
1. Click the “Create Document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.
2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and clicking the “Next” button.
3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.