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Personal Guarantee Lease Agreement
"I need a Personal Guarantee Lease Agreement for a commercial property in Manchester, where the company director will personally guarantee a 5-year lease starting March 2025 for their startup tech company, with quarterly rent payments of £15,000."
1. Parties: Identifies guarantor, landlord, and tenant with full legal names and addresses
2. Background: Explains context of guarantee and references main lease agreement
3. Definitions: Defines key terms used throughout the agreement
4. Guarantee and Indemnity: Core obligations of guarantor and scope of guarantee
5. Duration of Guarantee: Period of effectiveness and termination conditions
6. Guarantor's Obligations: Detailed list of specific obligations and responsibilities
7. Enforcement: Landlord's rights to enforce guarantee
1. Assignment and Transfer: Include if guarantee might be transferred or if lease might be assigned
2. Multiple Guarantors: Include if more than one guarantor is involved
3. Limitation of Liability: Include if specific caps on liability are agreed
4. Step-in Rights: Include if guarantor has right to take over lease
1. Main Lease: Copy or summary of the main lease being guaranteed
2. Guaranteed Obligations: Detailed list of specific obligations being guaranteed
3. Property Details: Description of property subject to the lease
4. Financial Information: Details of rent, service charges, and other financial obligations
Authors
Payment Obligations
Duration and Term
Default and Remedies
Assignment and Transfer
Notices
Representations and Warranties
Step-in Rights
Severability
Waiver
Entire Agreement
Governing Law
Jurisdiction
Force Majeure
Costs and Expenses
Amendments
Counterparts
Third Party Rights
Confidentiality
Dispute Resolution
Find the exact document you need
Lease Guarantor Form
A legally binding document under English and Welsh law where a third party guarantees a tenant's lease obligations.
Guarantor Indemnity Agreement
An English law agreement where a guarantor provides both a guarantee and indemnity for another party's obligations.
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