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Rental Guarantor Form
"I need a Rental Guarantor Form under German law for my student tenant's parent who will guarantee a 12-month residential lease starting March 1, 2025, with a maximum liability of €15,000."
1. Parties: Identification of all parties: Guarantor, Landlord (beneficiary of guarantee), and Tenant (primary debtor)
2. Background: Brief context of the rental agreement and reason for guarantee
3. Definitions: Key terms used in the document, including 'Guaranteed Obligations', 'Rental Agreement', and 'Guarantee Period'
4. Guarantee Declaration: Formal declaration of guarantee in accordance with BGB § 766, specifying the scope and nature of the guarantee
5. Extent of Liability: Clear specification of the maximum amount guaranteed and which obligations are covered
6. Duration of Guarantee: Term of the guarantee, including start date and conditions for termination
7. Guarantor's Obligations: Detailed description of when and how the guarantor must perform
8. Notices: Requirements for any notifications between parties
9. Applicable Law: Confirmation of German law application and jurisdiction
10. Signatures: Execution block complying with German formal requirements
1. Financial Disclosure: Section for guarantor's financial information, recommended when required by landlord for assessment of guarantor's creditworthiness
2. Release Conditions: Specific conditions under which the guarantor may be released from obligations, useful for fixed-term guarantees
3. Multiple Guarantors: Additional provisions for cases with more than one guarantor, specifying joint and several liability
4. Consumer Protection Notice: Required when the guarantor is acting as a consumer, including mandatory warnings and cooling-off periods
5. Assignment and Transfer: Provisions regarding the transfer of guarantee rights, relevant for properties that may be sold
1. Schedule 1: Rental Agreement Details: Copy or key details of the underlying rental agreement being guaranteed
2. Schedule 2: Guaranteed Amount Calculation: Breakdown of the maximum guaranteed amount, including rent, deposits, and other charges
3. Schedule 3: Guarantor's Financial Statement: Optional schedule containing guarantor's financial information and creditworthiness assessment
4. Appendix A: Identity Documents: Copies of identification documents for all parties as required for verification
Authors
Guaranteed Obligations
Guarantee Period
Guarantor
Landlord
Tenant
Property
Rental Agreement
Rental Payments
Additional Charges
Security Deposit
Default Event
Guarantee Amount
Maximum Liability
Notice
Business Day
Term
Enforcement Event
Release Date
Related Persons
Permitted Use
Rent
Payment Date
Interest Rate
Written Form
Scope of Guarantee
Duration
Payment Obligations
Default Events
Enforcement
Liability Limits
Representations and Warranties
Notice Requirements
Amendment and Modification
Assignment
Governing Law
Jurisdiction
Severability
Written Form Requirements
Consumer Protection
Release Conditions
Financial Disclosure
Multiple Guarantors
Waiver
Force Majeure
Termination
Indemnification
Real Estate
Property Management
Residential Housing
Commercial Property
Student Housing
Legal Services
Property Investment
Banking and Financial Services
Legal
Real Estate
Property Management
Leasing
Compliance
Risk Management
Contract Administration
Tenant Relations
Housing Administration
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Rental Administrator
Housing Officer
Compliance Officer
Contract Manager
Property Administrator
Tenant Relations Manager
Risk Assessment Officer
Real Estate Portfolio Manager
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