Deed Of Guarantee For Tenancy Template for Singapore

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Key Requirements PROMPT example:

Deed Of Guarantee For Tenancy

"I need a Deed of Guarantee for Tenancy for my commercial property in Singapore, where the tenant is a new startup company and their director will act as personal guarantor for a 3-year lease starting January 2025."

Document background
The Deed of Guarantee for Tenancy is commonly used in Singapore's property market when landlords require additional security beyond the tenant's covenant. This document is particularly relevant when tenants have limited credit history or when the rental value is significant. The deed typically includes detailed provisions about the scope of the guarantee, the guarantor's obligations, and enforcement mechanisms. It must be properly executed in accordance with Singapore law requirements for deeds, including witnessing and sealing where applicable. This document provides landlords with a robust legal mechanism to protect their interests while facilitating rental arrangements that might otherwise not be possible.
Suggested Sections

1. Parties: Details of the Guarantor, Landlord, and Tenant

2. Background: Context of the tenancy agreement and need for guarantee

3. Definitions: Key terms used throughout the deed

4. Guarantee and Indemnity: Core obligations of the guarantor

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

6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor

7. Execution: Formal signing requirements and witness details

Optional Sections

1. Joint and Several Liability: Required when multiple guarantors are involved in the guarantee deed

2. Foreign Currency Provisions: Provisions for handling payments in foreign currency when dealing with international tenants

3. Corporate Guarantor Provisions: Additional provisions specific to cases where the guarantor is a company rather than an individual

Suggested Schedules

1. Schedule 1 - Principal Tenancy Agreement: Copy or details of the main tenancy agreement being guaranteed

2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations covered by the guarantee

3. Appendix A - Property Details: Specific details of the property under tenancy

4. Appendix B - Guarantor's Personal Information: Required personal or corporate information of the guarantor

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and guarantees in Singapore, including specific provisions for valid execution of deeds

Conveyancing and Law of Property Act (Cap. 61): Legislation governing execution and validity of deeds, and legal requirements for property-related documents

Residential Property Act (Cap. 274): Legislation governing residential properties, including specific provisions and restrictions for residential tenancies

Housing and Development Board Act (Cap. 129): Specific legislation governing HDB properties and their tenancies, including special requirements and restrictions

Stamp Duties Act (Cap. 312): Legislation governing stamp duty requirements for tenancy agreements and related documents

Landlord and Tenant (Rental of State Properties) Act: Specific legislation governing tenancies of state-owned properties and their requirements

Common Law Principles: Fundamental legal principles regarding guarantees, contract formation, and principles of equity derived from case law

Electronic Transactions Act (Cap. 88): Legislation governing electronic execution of documents, including requirements for electronic signatures and digital contracts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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