Tenant Guarantor Agreement for England

DEED OF GUARANTEE



This Deed of Guarantee is made on _____________

Between

_____________ ("Landlord") of
_____________
_____________
_____________

and

_____________ ("Guarantor") of
_____________
_____________
_____________

In relation to the property at _____________, _____________, _____________ (the "Property"); and

In consideration of the Landlord having agreed to accept (each a "Tenant" and also collectively referred to as "Tenant") as Tenant of the Property upon the terms of the Tenancy Agreement (the "Tenancy Agreement"), a copy of which the Guarantor confirms has been received, Guarantor hereby guarantees the performance and observance by Tenant of the terms of the Tenancy Agreement (the "Guarantee") upon the following conditions:

  1. If Tenant shall default in the payment of the rent or any other monies payable under the Tenancy Agreement, Guarantor will, upon written demand, pay the rent or other monies which shall be in arrears.

  2. If Tenant shall default in the performance and observance of any of the provisions or terms on Tenant's part contained or implied by the Tenancy Agreement, Guarantor will, on demand, pay to Landlord all losses, damages, expenses and costs which Landlord may be entitled to recover by reason of such default. The amount of Guarantor's liability under this clause is unlimited.

  3. Guarantor's liability under this Guarantee and the Tenancy Agreement will be joint and severable with Tenant. Landlord may seek to enforce these obligations and claim damages against Guarantor, Tenant or both under the Guarantee and the Tenancy Agreement. Guarantor will not be cleared by any act, neglect or leniency by Landlord to obtain payment or in the enforcement of Tenant's obligations.

  4. This Guarantee shall remain in force as long as Tenant remains a tenant of the Property, and shall not be revoked by the death of Landlord, Guarantor or Tenant.
  5. This Guarantee shall remain in force for the whole period the tenancy including any continuation, extension, renewal or re-grant of the Tenancy Agreement, whether fixed term or periodic, and to any increased rent payable.

  6. If Tenant forms more than one person, Guarantor's liability under this Guarantee will remain in force as long as one Tenant named above remains a tenant of the Property. The Guarantee will not be invalidated if Tenant abandons or surrenders his or her interest in the Property.

  7. Guarantor will pay any costs incurred by Landlord while enforcing this Guarantee or any obligations under the Tenancy Agreement whether or not any court proceedings are taken.

  8. Any demand by Landlord upon Guarantor shall be considered valid if sent by first class post or hand delivered to Guarantor's address listed above.

Signed as a Deed and Delivered by _____________

Sign: __________________
Print: _____________

In the presence of:

Witness Signature: _________________

Print: __________________________

Witness Address: ___________________

______________________________

______________________________

______________________________

Witness Occupation: _________________

Signed as a Deed and Delivered by _____________

Sign: ______________________
Print: _____________

In the presence of:

Witness Signature: _________________

Print: __________________________

Witness Address: ___________________

______________________________

______________________________

______________________________

Witness Occupation: _________________

Instructions for Your Tenant Guarantor Agreement



A tenant guarantor agreement helps Landlords and their agents to protect themselves when letting residential property. A tenant guarantor agreement is used when the Landlord does not have full confidence that the Tenant may be able to cover all the rent, or the Landlord wants further assurance of damage protection. For example, Landlords use tenant guarantor agreement when letting to students or when a Tenant's income falls below the ideal income-to-rent ratio. By signing a tenant guarantor agreement, the Guarantor is agreeing to take on the Tenant's responsibilities in the event that the Tenant is unable or unwilling to fulfil his or her own contractual obligations under the tenancy agreement. It is very important for the Landlord to ensure that the proposed Guarantor is in a financial position to be able to fulfil the Tenant's obligations should need arise. In most cases, an ideal Guarantor is someone who either owns property within the UK or has an above average level of income.

Preparing Your Tenant Guarantor Agreement

After the Landlord has completed the form, two copies should be printed, one for the Landlord's records and one for the Guarantor's. Both copies should be sent to the Guarantor for signing with a copy of the proposed tenancy agreement attached. It is important to include a copy of the tenancy agreement to ensure that the Guarantor is aware of all liabilities that he or she is assuming. Once the Guarantor has executed the tenant guarantor agreement, the Landlord should then execute the document and return a copy to the Guarantor. Only after the agreement is signed and completed should the Landlord proceed with signing the tenancy agreement with the Tenant.

Important Note

Do not provide a copy of the tenancy agreement or sign a tenancy agreement with the Tenants until the tenant guarantor agreement is fully completed.

Please note that the language you see here changes depending on your answers to the document questionnaire.

Tenant Guarantor Agreement

A tenant guarantor agreement is used when a landlord wants the security and confidence that a tenant’s obligations will be fulfilled. This agreement is a vital tool for any landlord letting property to students, expatriate employees or any tenant who does not meet the desired income-to-rent ratio.

LegalNature’s tenant guarantor agreement gives you great flexibility in tailoring the agreement to your specific needs. Easily customise all the important terms, including events of default, guarantor liability and more.

This tenant guarantor agreement can be used to:

• Protect a landlord’s interests during a tenancy with a guarantor;

• Have an additional method of recouping any potential losses; and

• Set the terms of the guarantee.

LegalNature’s intuitive form builder allows landlords to take control of their tenancies by cutting costs associated with using estate agents and management companies. LegalNature will guide you through each step of the process, giving you lasting protection you can rely on.

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