Rent liability 

3.  The Guarantor’s liability for the rent due under the Tenancy (including any rent payable after a rent increase) is for the full rental amount for each rental period that falls due during this Agreement. 

Other liabilities 

4.  This guarantee and indemnity is against the Guaranteed Tenant’s performance of their obligations under the Tenancy to the full extent of their liability. This includes any obligations that the Guaranteed Tenant is jointly and severally liable for with other occupants of the property. 

5.  The Landlords will be entitled to recover on an indemnity basis all legal costs which the Landlords may incur in recovering any payment due from the Guarantor under this deed of guarantee and indemnity. 

6.  This guarantee and indemnity extends to all rent, damages, costs and other sums payable by the Guaranteed Tenant, including reasonable compensation for use and occupation of the Property if the Guaranteed Tenant remains in occupation after the Tenancy has ended, however the Tenancy ends.

Duration of the guarantee 

7.  The Guarantor’s obligations under this agreement will start on the commencement date of the Tenancy and continue through any variations, continuations or renewals of the Tenancy which the Guaranteed Tenant continues to be a party to. 

8.  This Guarantee may not be revoked by the Guarantor and their obligations will end at the point the Tenancy is formally brought to an end and the Guaranteed Tenant has vacated the Property and discharged all outstanding obligations. 

9.  The end of the Tenancy will not release the Guarantor from any liabilities that accrued prior to the termination of the Tenancy. This includes any breaches of the tenancy that the Landlords only become aware of after the termination of the Tenancy. 

Revocation or discharge of the Guarantee 

10.  This guarantee and indemnity cannot be revoked or discharged by the death, insolvency or bankruptcy of the Guarantor. If the Guarantor dies, then their estate will be liable as surety and co-principal debtor. 

11.  This guarantee and indemnity cannot be revoked or discharged by the insolvency or bankruptcy of the Guaranteed Tenant. 

12.  The death of the Guaranteed Tenant will not revoke or discharge the Guarantor from any obligations under this Agreement, subject to Clause 13-16 of this agreement.