A guarantor promises to cover a tenant in a house share. Answer a few plain-English questions and Scorpia drafts the complete document for your situation, checks it with a second review pass, and shows you a free preview before you pay anything.
Draft my hmo guarantee and indemnity — free preview →TENANCY GUARANTEE AND INDEMNITY
Guarantor Agreement — HMO / Residential Tenancy
THIS GUARANTEE AND INDEMNITY (the "Guarantee") is entered into on __________ between:
LANDLORD: __________ of __________ (the "Landlord");
TENANT: __________ of __________ (the "Tenant"); and
GUARANTOR: __________ of __________ (the "Guarantor").
1. BACKGROUND
(1.1) The Landlord has agreed to grant or has granted a tenancy to the Tenant of __________ at __________ (the "Tenancy") on the terms of the Tenancy Agreement dated __________.
(1.2) As a condition of the Tenancy, the Landlord has required the Guarantor to guarantee the Tenant's obligations under the Tenancy Agreement.
(1.3) The Guarantor agrees to enter into this Guarantee in favour of the Landlord on the terms set out below.
2. GUARANTEE
(2.1) In consideration of the Landlord granting the Tenancy to the Tenant, the Guarantor unconditionally and irrevocably guarantees to the Landlord the full and punctual performance by the Tenant of all the Tenant's obligations under the Tenancy Agreement, including but not limited to: the payment of all rent and other sums due; compliance with all repair and maintenance obligations; compliance with all conduct and use restrictions; and the payment of all costs and expenses arising from any breach by the Tenant.
(2.2) If the Tenant fails to perform any obligation under the Tenancy Agreement, the Guarantor shall, on demand in writing from the Landlord, immediately perform that obligation as if the Guarantor were the Tenant.
(2.3) The Guarantor's liability under this Guarantee is limited to the total amount of rent payable under the Tenancy Agreement in any period of __________ months, plus the cost of any damage to the property attributable to the Tenant beyond fair wear and tear.
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The law of England and Wales by default; Scotland and Northern Ireland are available where the document type exists there. The drafting notes behind each template are kept current with UK law.
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