Deed of Guarantee

 

IMPORTANT NOTICE TO THE INTENDED GUARANTOR: By signing this document, you agree to ensure the Guaranteed Tenant does everything they have promised to do under their Tenancy Agreement, including paying the rent and other obligations. This means, if the Guaranteed Tenant fails to pay rent on time or causes damage to the property, you will have to pay instead. You should consider taking legal advice before signing this document.

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TO (“Landlords”):                             (insert name(s) of landlords)    

OF:                                                     (insert address of landlords)

FROM (“Guarantor”):                       (insert name of guarantor)    

OF:                                                     (insert address of guarantor)

GUARANTEED TENANT NAME:      (insert name of tenant)

                                                            (Name of Tenant to be guaranteed under this agreement)

RELATIONSHIP TO GUARANTOR:  (insert relationship of tenant to guarantor)

RENTAL PROPERTY ADDRESS:     (insert address of rental property)

TENANCY START DATE:                  Expected commencement date of the Tenancy is                                                                          1 August (insert year)

INITIAL RENT AMOUNT:                   Within four days after the Tenancy Agreement has been                                                               signed and dated by all Tenants and Landlords, the                                                                       Tenants must pay (insert sum) to the Landlord’s bank                                                                   account (less any Holding Deposit credited towards this                                                               first rent payment) as rent in advance for the period from                                                               1 August (insert year) to 31 August (insert year).

RENT:                                                  From 1 September (insert year), rent of (insert sum) per                                                                calendar month is payable in advance on the first day of                                                              each month (being the first day of each rental period)                                                                    until the tenancy ends. Rent may be paid before the due                                                              date if the Tenants wish.

 

Definitions for the Purposes of this Guarantee

“Agreement” means this agreement between the Landlords and the Guarantor. 

“Guarantor” means the person or persons agreeing to guarantee and indemnify the Landlords under this agreement. All Guarantors are jointly and severally liable.

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