DEFINITIONS

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

“Guarantor” means the person agreeing to guarantee and indemnify the Landlord under this agreement. Where there is more than one guarantor for this Tenancy all Guarantors are jointly and severally liable.

“Landlord” means anyone entitled to possession of the property, whether jointly or individually, when the Tenancy agreement ends, as well as any successors in title or assignees. Written demands from the Landlord may also be made by the landlord’s agent or anyone acting on the landlord’s behalf.

“Property” means the rental property which the Tenancy is granted for.

“Guaranteed Tenant” means the person guaranteed under this agreement by the Guarantor.

“Tenancy” means the contract between the Landlord and the Guaranteed Tenant for the occupation by the Guaranteed Tenant of the rental property. This includes any renewals, variations or extensions of the original Tenancy agreement after this agreement is entered into. 

 

Terms 

Guarantee and indemnity 

1.  As security for the Guaranteed Tenant’s performance of their obligations under the Tenancy, the Guarantor, jointly and severally, agrees to guarantee and indemnify the Landlords against the Guaranteed Tenant’s performance of all their obligations under the Tenancy. This includes guaranteeing and indemnifying: 

• the payment of rent due under the Tenancy (including rent increases), which is set out in clause 3 of this agreement; 

• any damage caused during the Tenancy by the Guaranteed Tenant, anyone they allow to visit the property or any of the other tenants in the property; 

• Any costs, expenses, damages, fees or losses incurred by the Landlords as a result of any default by the Guaranteed Tenant including, but not limited to, all legal fees and costs of possession proceedings on an indemnity basis, to the extent that the Guaranteed Tenant is liable under the terms of the Tenancy but also always only insofar as is in accordance with the terms of this guarantee. 

2.  The Guarantor agrees to pay to the Landlord’s nominated bank account within 14 days on       written demand all sums due and owing under the terms of this deed of guarantee and                 indemnity.