Rental Guarantor Letter Template for Hong Kong

The Rental Guarantor Letter is a crucial document in Hong Kong's property rental market, commonly used when landlords require additional security beyond a standard tenant's covenant. This document becomes particularly relevant in situations involving student rentals, first-time tenants, or cases where the tenant's financial credentials alone may not satisfy the landlord's requirements. The letter, governed by Hong Kong law, must comply with local property and contract law requirements, including the Landlord and Tenant (Consolidation) Ordinance. It typically includes the guarantor's personal details, financial capacity declaration, the extent of guarantee coverage, and specific terms under which the guarantee can be enforced. This document serves as a legally binding commitment from the guarantor to assume financial responsibility for the tenant's obligations if necessary.

1. Letter Header: Date, recipient's name and address (landlord), and sender's name and address (guarantor)

2. Subject Line: Clear reference to the property address and tenant name

3. Introduction: Statement identifying the guarantor and their relationship to the tenant

4. Tenant Details: Full name and identification details of the tenant being guaranteed

5. Property Details: Complete address and description of the rental property

6. Tenancy Terms: Reference to the main tenancy agreement, including term and rental amount

7. Guarantee Scope: Clear statement of the obligations being guaranteed (rent, damages, other charges)

8. Duration of Guarantee: Period for which the guarantee remains valid

9. Financial Capacity: Statement confirming guarantor's financial ability to meet the guarantee obligations

10. Signature Block: Space for guarantor's signature, witness signature if required, and date