Document background
The Guarantee Rental Agreement is a essential document in Swiss rental relationships, required when a tenant needs to provide security for their rental obligations. This agreement is commonly used in both residential and commercial leasing contexts throughout Switzerland, where the law mandates that rental deposits must be held in a special bank account in the tenant's name. The document outlines the tripartite relationship between the guarantor (typically a bank or insurance company), the landlord, and the tenant, ensuring compliance with Swiss legal requirements, particularly the Swiss Code of Obligations. It specifies the guaranteed amount (usually capped at three months' rent), the conditions under which the guarantee can be called upon, and the process for its release. The agreement provides security for landlords while protecting tenants' interests through regulated procedures and limitations.
