Lease Guaranty Agreement Template for Singapore

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Key Requirements PROMPT example:

Lease Guaranty Agreement

"I need a Lease Guaranty Agreement under Singapore law where my parent company will guarantee a 5-year commercial lease starting March 2025 for our new subsidiary's office space at Marina Bay Financial Centre, with a monthly rent of SGD 25,000."

Document background

A Lease Guaranty Agreement is commonly used in Singapore's property market when additional security is required for a lease arrangement. This typically occurs when a tenant's financial standing alone is insufficient to satisfy the landlord's requirements, or when dealing with new businesses or overseas entities. The agreement details the guarantor's obligations, including payment of rent, compliance with lease terms, and compensation for damages. Under Singapore law, the guarantee must be in writing and clearly specify the guaranteed obligations. This document provides landlords with additional security while facilitating lease arrangements that might otherwise not be possible.

Suggested Sections

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

2. Background: Describes the underlying lease and circumstances requiring the guarantee

3. Definitions: Defines key terms used throughout the agreement

4. Guarantee and Indemnity: Core obligations of the guarantor

5. Duration of Guarantee: Period of effectiveness of the guarantee

6. Guarantor's Obligations: Detailed list of specific obligations and responsibilities

7. Enforcement: Mechanisms for enforcing the guarantee

8. Execution: Signature blocks and execution formalities

Optional Sections

1. Assignment: Rights to assign the guarantee - include when assignment rights are required

2. Joint and Several Liability: Multiple guarantors' liability provisions - include when there are multiple guarantors

3. Costs and Expenses: Allocation of legal and enforcement costs - include when specific cost arrangements are needed

Suggested Schedules

1. Schedule 1 - Principal Lease: Copy or details of the underlying lease agreement

2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations being guaranteed

3. Appendix A - Property Details: Details of the leased property

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Commercial Real Estate
Residential Property
Retail
Hospitality

Relevant Teams

Legal
Real Estate
Risk Management
Finance
Operations

Relevant Roles

Property Manager
Legal Counsel
Real Estate Director
Risk Manager
Leasing Manager

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Authors

Alex Denne

Find the exact document you need

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