Guarantor Tenancy Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Guarantor Tenancy Agreement

"I need a Guarantor Tenancy Agreement for a high-value commercial property in Dubai Media City, where a corporate parent company will act as guarantor for its subsidiary's three-year lease starting March 2025, with quarterly rent payments of 500,000 AED."

Document background
The Guarantor Tenancy Agreement is essential in UAE rental transactions where additional security is required beyond a standard tenancy agreement. This document is commonly used for student accommodation, first-time renters, corporate rentals, or situations where the tenant's financial credentials alone may not satisfy the landlord's requirements. The agreement combines elements of both tenancy and guarantee law under UAE jurisdiction, particularly following UAE Federal Law No. 5 of 1985 (Civil Code) and emirate-specific rental regulations. It provides comprehensive protection for landlords while clearly defining the extent of the guarantor's liability and the conditions under which it can be enforced. The document typically includes detailed sections covering property specifications, rental terms, maintenance responsibilities, and the specific obligations of all three parties involved.
Suggested Sections

1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor including names, addresses, and identification numbers

2. Background: Explains the context of the agreement, including the Tenant's desire to rent the property and the Guarantor's willingness to guarantee the Tenant's obligations

3. Definitions: Defines key terms used throughout the agreement including Property, Term, Rent, Security Deposit, and Guarantee

4. Property Details: Detailed description of the rental property including address, size, permitted use, and any included fixtures and fittings

5. Term and Renewal: Specifies the duration of the tenancy, start date, end date, and any renewal provisions

6. Rent and Payment Terms: Details the rent amount, payment frequency, method of payment, and due dates

7. Security Deposit: Specifies the security deposit amount, payment terms, and conditions for return

8. Guarantor's Obligations: Comprehensive outline of the Guarantor's responsibilities, extent of liability, and duration of guarantee

9. Tenant's Obligations: Lists all responsibilities and obligations of the Tenant including maintenance, permitted use, and conduct

10. Landlord's Obligations: Details the Landlord's responsibilities regarding property maintenance, services, and insurance

11. Default and Remedies: Specifies what constitutes default by any party and the available remedies

12. Termination: Outlines conditions and procedures for early termination by any party

13. Notices: Specifies how formal communications between parties should be made and delivered

14. Governing Law and Jurisdiction: Confirms UAE law governance and specifies jurisdiction for dispute resolution

Optional Sections

1. Subleasing and Assignment: Include when subleasing might be permitted under specific conditions

2. Utilities and Services: Include when there are specific arrangements for utility payments and services

3. Maintenance and Repairs Schedule: Include when there's a need to clearly delineate maintenance responsibilities between parties

4. Joint Guarantors: Include when there are multiple guarantors sharing the guarantee obligation

5. Property Management: Include when a property management company is involved

6. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

7. Insurance Requirements: Include when specific insurance obligations need to be detailed

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed list of all fixtures, fittings, and furniture included in the tenancy

2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of tenancy

3. Schedule 3 - Payment Schedule: Detailed breakdown of rent payments, due dates, and payment methods

4. Schedule 4 - House Rules: If applicable, specific rules and regulations for the property or building

5. Appendix A - Guarantor Financial Information: Required financial information and documentation from the Guarantor

6. Appendix B - Property Documents: Copies of relevant property documentation, certificates, and permits

7. Appendix C - Building Rules and Regulations: If applicable, rules set by building management or community

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Real Estate

Residential Property

Commercial Property

Student Housing

Corporate Housing

Property Management

Legal Services

Banking and Finance

Education

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Facilities Management

Asset Management

Administrative Support

Housing Operations

Corporate Services

Student Services

Contract Administration

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Housing Officer

Tenancy Coordinator

Compliance Officer

Risk Manager

Corporate Housing Manager

Student Accommodation Officer

Facilities Manager

Asset Manager

Property Administrator

Legal Administrator

Contract Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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