Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🏘️ Guarantor release deed

Why use a 🏘️ Guarantor release deed?

A guarantor release deed is a legal document that states that the guarantor is no longer liable for the debt. This means that the guarantor is released from any obligation to pay the debt if the borrower defaults. The guarantor release deed may also include a clause stating that the borrower is still responsible for the debt.

The legal template "Deed of Express Release of Tenant's Guarantor (Optional Substitute Guarantee) under UK law" is a document that outlines the terms and conditions for the release of a guarantor from their obligations in a tenancy agreement.

In the UK, when a tenant enters into a rental agreement, it is common for a guarantor to also sign the agreement, providing a guarantee for the tenant's obligations. The guarantor typically agrees to fulfill the tenant's obligations if the tenant fails to do so, such as paying rent or repairing damages.

This legal template is specifically designed for situations where the tenant's guarantor wishes to be released from their obligations and replaced by another guarantor or no guarantor at all. The deed sets out the procedure and conditions under which this release can be granted, providing a legal framework for all parties involved.

The document may include clauses outlining the valid reasons for the release, the obligations and responsibilities of the substitute guarantor, and the formalities required to complete the release. It may also contain provisions for the tenant's new obligations and responsibilities, such as providing a new security deposit or complying with specific terms set by the landlord.

Overall, this legal template serves as a formal agreement that protects the interests of both the original guarantor and the tenant, ensuring that the release of the guarantor is fair, agreed upon, and legally binding under UK law.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Statement Of Case For Section 226 Compulsory Purchase Orders

This legal template, titled "Statement of Case for Section 226 Compulsory Purchase Orders under UK Law," is a document created to outline the essential details and arguments in a legal case related to compulsory purchase orders (CPOs) falling under Section 226 of UK law.

A compulsory purchase order refers to a legal process that grants certain public authorities or organizations the power to acquire privately-owned land or property without the owner's consent, primarily for the purpose of public development projects or improvements. Section 226 is a specific provision within UK law that sets out the requirements and conditions for issuing a CPO.

The "Statement of Case" serves as a foundation for presenting the facts, legal arguments, and justifications supporting the CPO mentioned in the document. It may typically include details about the authorized body seeking the CPO, the specific project or purpose for which the land or property is being acquired, and the circumstances necessitating the acquisition.

Additionally, this document might explain the statutory basis and compliance with Section 226, referencing relevant legal provisions and regulations applicable to CPOs. It may provide information on the affected land or property, its location, ownership details, and potential impact on the affected parties.

The template could also touch on the steps taken to engage with affected landowners, occupiers, and other stakeholders, including any consultations or negotiations that have occurred during the planning stage. Furthermore, it may outline the compensation and mitigation measures offered to the affected parties, as required by law, to ensure fairness and minimize adverse effects resulting from the CPO.

Ultimately, the "Statement of Case for Section 226 Compulsory Purchase Orders under UK Law" aims to present a comprehensive and persuasive argument that justifies the necessity and legality of the proposed CPO, protecting the rights of the affected parties while advancing the public interest and the intended development objectives.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
1
DISCUSSIONS
0

Standard Supporting Letter From Current Employer For Indefinite Leave To Remain Application (ilr)

This legal template is specifically designed for a supporting letter that could be provided by an individual's current employer when applying for Indefinite Leave to Remain (ILR) under UK law. ILR refers to a type of settlement status that grants an individual the right to permanently reside in the UK without any immigration restrictions. This template aims to assist the employer in drafting a comprehensive and standardized letter that verifies and highlights key aspects of the applicant's employment history, performance, and their contribution to the organization. The letter plays a crucial role in establishing the applicant's eligibility and suitability for ILR by presenting details about their job position, responsibilities, salary, length of employment, and adherence to immigration rules. It may also emphasize the significance of the applicant's presence to the company, their character, and their positive attributes. Overall, this legal template intends to facilitate the employer in creating a professional and persuasive document that supports the applicant's ILR application.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
5
RATINGS
5
DISCUSSIONS
1

Sub-Underlet License (Whole or Part Of Property)

The Sub-Underlet License (Whole or Part Of Property) legal template under UK law is a document that outlines the terms and conditions for the sub-underletting of all or a portion of a property. In the United Kingdom, sub-underletting refers to the act of a tenant (the sub-lessee) subletting the property they are renting from the landlord (the head lessor) to another party (the sub-underlessee).

This legal template provides a framework for documenting the agreement between the tenant and the sub-underlessee, ensuring that both parties are aware of their rights, responsibilities, and obligations in the sub-underletting arrangement. It covers various aspects such as the duration of the sub-underlet, rent payments, maintenance responsibilities, access to common areas (if applicable), and any restrictions or conditions imposed by the head lessor.

By using this legally binding template, both the sub-lessee and the sub-underlessee can clarify the terms of their agreement, protecting their respective interests and minimizing potential disputes. It ensures compliance with UK law and provides a clear legal framework for the sub-underletting relationship.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
1
DISCUSSIONS
0