Assured Shorthold Tenancy Agreement Guarantee
This Assured Shorthold Tenancy Agreement Guarantee is a simple one page document in which a 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 tenancy agreement.
Landlords are likely to ask for a Guarantor if the Tenant does not have a satisfactory credit history or references.
The proposed form of AST agreement should be annexed to the Guarantee so
that all parties know what the extent of the Guarantor’s liability is.
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.
This Assured Shorthold Tenancy Agreement Guarantee 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.