Document background
The Guarantor Lease Agreement is designed for use in the New Zealand residential property market where additional security is required beyond standard tenant commitments. This comprehensive document is particularly useful for situations involving first-time renters, students, individuals with limited rental history, or where the tenant's financial credentials alone may not meet the landlord's requirements. The agreement combines standard residential tenancy terms as required by the Residential Tenancies Act 1986 with specific guarantor provisions, ensuring that a third party guarantees the tenant's obligations. It includes detailed sections covering property details, rental terms, maintenance responsibilities, guarantor obligations, and enforcement provisions, all aligned with New Zealand legal requirements.
