Tenancy Agreement Guarantee and Indemnity for Contractual Tenancy
This Tenancy Agreement Guarantee and Indemnity for Contractual Tenancy is a simple document confirming that a Guarantor will pay the rent and observe the other covenants of the Contractual Tenancy Agreement if the Tenant is in default.
It also includes an indemnity which is a separate obligation to the guarantee, which provides greater protection for the Landlord. An indemnity obliges the Guarantor to compensate the Landlord for loss or damage and is not dependent on the tenant’s obligations being enforceable.
Landlords tend to require a Guarantor if they are not happy with the tenant’s credit history or references.
The agreed form of Tenancy Agreement should be attached to this Guarantee so that the scope of the Guarantor’s liability is clear.
This Tenancy Agreement Guarantee and Indemnity for Contractual Tenancy is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.