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Tenancy Agreement With Guarantor

Tenancy Agreement With Guarantor Generator for Singapore

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Key Requirements PROMPT example:

Tenancy Agreement With Guarantor

"I need a Tenancy Agreement With Guarantor for a luxury condo in Singapore's River Valley area, where my overseas student tenant's parents will act as guarantors, with a two-year lease term starting March 2025 and monthly rent of SGD 5,000."

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Document background
The Tenancy Agreement With Guarantor is a crucial legal document used in Singapore when additional security is required for a residential or commercial lease. It is particularly relevant when dealing with student tenants, first-time renters, or situations where the tenant's financial credentials alone may not meet the landlord's requirements. The agreement combines standard tenancy provisions under Singapore law with specific guarantor clauses, ensuring comprehensive protection for all parties. It includes detailed terms about rent, security deposits, maintenance responsibilities, and the specific obligations of the guarantor, all while complying with Singapore's property laws and regulations.
Suggested Sections

1. Parties: Details of landlord, tenant, and guarantor including full names, identification numbers, and addresses

2. Background: Context of the agreement including property details, purpose of tenancy, and basis for guarantee

3. Definitions: Key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit', etc.

4. Term of Tenancy: Duration of lease, commencement date, and termination provisions

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

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

7. Guarantor's Obligations: Scope and extent of guarantor's liability, duration of guarantee, and enforcement provisions

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

9. Landlord's Covenants: Landlord's obligations including quiet enjoyment, insurance, and maintenance responsibilities

Optional Sections

1. Break Clause: Optional provisions for early termination of the tenancy agreement

2. Option to Renew: Terms and conditions for extending the lease beyond the initial term

3. Diplomatic Clause: Special termination rights for expatriate tenants in case of job termination or relocation

4. En Bloc Clause: Provisions dealing with collective sale scenarios for private properties

Suggested Schedules

1. Schedule 1: Inventory List: Detailed inventory of furniture, fixtures, and fittings provided with the property

2. Schedule 2: Property Condition Report: Detailed documentation of property condition at the start of tenancy

3. Schedule 3: House Rules: Building or development specific rules and regulations

4. Appendix A: Payment Schedule: Detailed breakdown of payment dates and amounts throughout the tenancy

5. Appendix B: Guarantor's Declaration: Formal declaration of guarantee including terms and acknowledgments

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Term and Commencement
Rent and Payment
Security Deposit
Guarantor Obligations
Tenant Covenants
Landlord Covenants
Maintenance and Repairs
Insurance
Utilities and Outgoings
Use of Premises
Alterations and Additions
Assignment and Subletting
Quiet Enjoyment
Access Rights
Default and Remedies
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Entire Agreement
Severability
Indemnification
Property Management
Fire Safety
Keys and Security
Common Areas
Inventory
Break Clause
Renewal Options
Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and guarantees in Singapore, including requirements for contracts to be in writing and enforcement of contractual obligations

Conveyancing and Law of Property Act (Cap. 61): Legislation governing property transactions, leases and tenancies, including legal requirements for property dealings and tenant rights

Planning Act (Cap. 232): Regulates property usage and minimum stay requirements, ensuring compliance with zoning and planning regulations

Housing and Development Act: Specific regulations for HDB properties, including Ethnic Integration Policy and restrictions on rental of public housing

COVID-19 (Temporary Measures) Act 2020: Temporary provisions affecting tenancy agreements including force majeure considerations and relief measures

Personal Data Protection Act 2012: Guidelines for collecting, using, and disclosing personal data of tenants and guarantors in the agreement

Building Maintenance and Strata Management Act: Regulations for properties in strata-titled developments, including by-laws and maintenance requirements

Immigration Act: Requirements for foreign tenants and minimum rental periods for different visa status holders

Fire Safety Act: Safety requirements and occupancy limits for residential properties

URA Guidelines: Urban Redevelopment Authority regulations on minimum rental periods and property usage restrictions

MAS Regulations: Monetary Authority of Singapore guidelines relevant to payment terms and financial aspects of tenancy agreements

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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