AST Guarantee for Corporate Guarantor
This AST Guarantee for Corporate Guarantor is a short agreement in which the company undertakes to pay the rent and remedy any breaches if the tenant fails to do so.
This template is for a corporate guarantor, such as a company, government body or other institution. It is designed to be used in connection with one of our Assured Shorthold Tenancy Agreement templates.
Landlords are likely to ask for a guarantor if the tenant does not have a satisfactory financial record.
It is important that a copy of the proposed tenancy agreement be attached to the document so that it is absolutely clear what the guarantor is committing to.
Under the Tenant Fees Act 2019 (affects England only) and
the Renting Homes (Fees etc.) (Wales) Act 2019 (affects Wales only) landlords
and/or letting agents are prohibited from charging any fees associated with
requesting a guarantor to a tenancy caught by these acts (this includes
referencing fees and administration fees).
This template is duplicated in our Home Business Tenancies folder.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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