Home Business Tenancy (AST) Guarantee by Company
This Home Business Tenancy (AST) Guarantee by Company 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 Home Business Tenancy Agreement templates.
Landlords are likely to ask for a guarantor if the tenant does not have a satisfactory credit history or references.
It is important that a copy of the proposed tenancy agreement be attached to the guarantee 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 Assured Shorthold Tenancies folder.
This document 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.