Home Business Tenancy (AST) Guarantee and Indemnity by Company

This Home Business Tenancy (AST) Guarantee and Indemnity 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.

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.

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 landlords and/or letting agents in England 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 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.

Home Business Tenancy (AST) Guarantee and Indemnity by Company is part of Property Documents. Just £35.00 + VAT provides unlimited downloads from Property Documents for 1 year.