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Guarantor Tenancy Agreement
"I need a Guarantor Tenancy Agreement for a student apartment in Zurich where the tenant's parent will act as guarantor, with the tenancy starting March 1, 2025, and the guarantee covering 12 months' rent plus potential damages."
1. Parties: Identification of all parties: Landlord, Tenant(s), and Guarantor(s), including full legal names and addresses
2. Background: Context of the agreement, reference to the main tenancy agreement, and reason for guarantee
3. Definitions: Key terms used throughout the agreement, including 'Guaranteed Obligations', 'Property', and 'Tenancy Agreement'
4. Scope of Guarantee: Clear definition of the obligations being guaranteed, maximum liability amount (as per Swiss law), and duration of the guarantee
5. Guarantor's Obligations: Detailed description of the guarantor's responsibilities and the extent of their liability
6. Maximum Liability: Explicit statement of the maximum amount the guarantor can be liable for, in compliance with Swiss law limitations
7. Duration and Termination: Term of the guarantee, conditions for termination, and notice requirements
8. Independence of Guarantee: Confirmation that the guarantee remains valid regardless of changes to the main tenancy agreement
9. Guarantor Representations: Guarantor's confirmations regarding their financial capacity and understanding of obligations
10. Notices: Process and requirements for formal communications between parties
11. Governing Law and Jurisdiction: Confirmation of Swiss law governance and jurisdiction for disputes
12. Execution: Signature blocks and execution requirements including notarization if required
1. Multiple Guarantors: Section defining joint and several liability when more than one guarantor is involved
2. Corporate Guarantee Provisions: Additional provisions required when the guarantor is a company rather than an individual
3. Change of Parties: Provisions dealing with changes in landlord, tenant, or guarantor
4. Release Conditions: Specific conditions under which the guarantor may be released from obligations before the end of the term
5. Foreign Language Declaration: Required when the guarantor's primary language is not the contract language, confirming they understand their obligations
6. Bank Guarantee Option: Alternative provisions for when the guarantee is provided by a bank rather than an individual
1. Schedule 1 - Main Tenancy Agreement: Copy or key terms of the underlying tenancy agreement being guaranteed
2. Schedule 2 - Property Details: Detailed description of the rental property including address and any specific inclusions
3. Schedule 3 - Guaranteed Amount Calculation: Breakdown of how the maximum guarantee amount was calculated
4. Appendix A - Guarantor Financial Statement: Declaration of guarantor's financial position (if required)
5. Appendix B - Identity Documents: Copies of identification documents for all parties
6. Appendix C - Notarial Certification: Space for notary's certification if required under Swiss law
Authors
Real Estate
Property Management
Financial Services
Legal Services
Banking
Housing
Commercial Property
Residential Property
Property Investment
Student Housing
Legal
Real Estate
Property Management
Compliance
Risk Management
Contract Administration
Tenant Relations
Document Management
Housing Administration
Operations
Property Manager
Real Estate Agent
Legal Counsel
Tenancy Contract Manager
Housing Officer
Lease Administrator
Risk Manager
Compliance Officer
Property Portfolio Manager
Tenant Relations Manager
Real Estate Partner
Property Law Specialist
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