Deed of Guarantee for Business Lease (Individual Guarantor)
This Deed of Guarantee for Business Lease (Individual Guarantor) is a short document containing a guarantee covenant from the Tenant’s Guarantor. Landlords are likely to ask for a Guarantor if the Tenant’s financial standing is not satisfactory.
If the Guarantor is a corporate entity, rather than an individual, our Corporate Guarantee should be used instead.
The Guarantor promises to pay the rent if the Tenant fails to do so and to compensate the Landlord for any loss caused by the Tenant’s breach of the terms of the lease. The Guarantor also agrees to take a new lease from the Landlord if the Tenant’s lease is disclaimed by a liquidator.
It is important that a copy of the Lease be attached to the Guarantee so that it is absolutely clear what the guarantor is committing to. There is alternative wording to choose from according to whether the Guarantee is given when the lease is granted or is given later, in respect of a lease that already exists.
This Deed of Guarantee for Business Lease (Individual Guarantor) 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.