Tenancy Agreement With Guarantor Template for Hong Kong

The Tenancy Agreement With Guarantor is a vital legal instrument used in Hong Kong's property market when additional security beyond a standard tenancy deposit is required. This document is particularly relevant when dealing with residential or commercial tenancies where the landlord seeks extra assurance regarding the tenant's ability to fulfill their obligations. The agreement combines standard tenancy provisions under Hong Kong law with specific guarantor clauses, making it suitable for situations involving first-time tenants, students, small businesses, or cases where the tenant's financial standing alone may not satisfy the landlord's requirements. It includes comprehensive terms covering property use, maintenance responsibilities, payment obligations, and the specific scope of the guarantor's liability, all while ensuring compliance with Hong Kong's property and contract laws.

1. Parties: Identification of the landlord, tenant, and guarantor with full legal names and addresses

2. Background: Context of the agreement and brief description of the property

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: The formal grant of the lease, specifying the property and term

5. Rent and Payment Terms: Rental amount, payment schedule, and method of payment

6. Deposit: Security deposit amount, terms of holding and return

7. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and compliance with regulations

8. Landlord's Covenants: Landlord's obligations including quiet enjoyment and maintenance responsibilities

9. Guarantor's Covenants: Guarantor's obligations and extent of guarantee

10. Insurance: Insurance requirements for both landlord and tenant

11. Utilities and Charges: Responsibility for utilities, management fees, and government rates

12. Termination: Circumstances and procedures for early termination

13. Default and Remedies: Consequences of breach and available remedies

14. Notices: Method and addresses for serving formal notices

15. Governing Law: Confirmation of Hong Kong law as governing law

16. Execution: Signature blocks for all parties