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Guarantor Lease Agreement

Guarantor Lease Agreement Template for Germany

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Key Requirements PROMPT example:

Guarantor Lease Agreement

"I need a Guarantor Lease Agreement for a student apartment in Berlin, where the tenant's parents will act as guarantors, with the lease term starting from March 1, 2025, and I need to ensure it includes provisions for utility payments and potential property damage."

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Document background
The Guarantor Lease Agreement is commonly used in German residential and commercial leasing contexts where additional security is required beyond the standard tenant obligations. This document is particularly relevant when tenants may not meet certain financial requirements independently, such as in student housing, first-time renters, or high-value commercial leases. The agreement must comply with German civil law requirements, specifically the provisions of the Bürgerliches Gesetzbuch (BGB) regarding both lease agreements and guarantees. The document outlines the specific obligations being guaranteed, the extent of the guarantor's liability, and the conditions under which the guarantee can be enforced. It provides essential protection for landlords while ensuring clear boundaries for guarantor obligations, making it a crucial tool in German property leasing arrangements.
Suggested Sections

1. Parties: Identification of all parties: landlord, tenant(s), and guarantor(s), including full legal names, addresses, and contact details

2. Background: Context of the agreement, including reference to the main lease agreement and the reason for requiring a guarantor

3. Definitions: Key terms used throughout the agreement, including 'Guaranteed Obligations', 'Property', 'Lease Agreement', etc.

4. Scope of Guarantee: Detailed description of the guarantor's obligations and the extent of the guarantee

5. Duration of Guarantee: Term of the guarantee, including start date and conditions for termination

6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor, including payment obligations and conditions

7. Landlord's Rights: Rights of the landlord in relation to enforcing the guarantee and seeking payment

8. Notice Requirements: Procedures and requirements for serving notices under the agreement

9. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction for disputes

10. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Multiple Guarantors: Additional provisions for cases where there is more than one guarantor, defining joint and several liability

2. Guarantee Limit: Section defining any caps or limitations on the guarantor's liability, if applicable

3. Release Conditions: Specific conditions under which the guarantor may be released from their obligations

4. Property Management: Additional provisions when a property management company is involved

5. Bank Guarantee Alternative: Provisions allowing for substitution of personal guarantee with a bank guarantee

6. Rent Deposit Relationship: Clarification of relationship between guarantee and any rent deposit provided by tenant

Suggested Schedules

1. Main Lease Agreement: Copy or key terms of the primary lease agreement being guaranteed

2. Property Details: Detailed description of the rental property, including address and any included fixtures/fittings

3. Guaranteed Amounts: Detailed breakdown of the amounts covered by the guarantee (rent, utilities, potential damages, etc.)

4. Guarantor Financial Information: Required financial documentation from guarantor (may be referenced but stored separately for privacy)

5. Form of Notice: Template forms for various notices that may be required under the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 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






























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Student Housing

Corporate Housing

Property Investment

Real Estate Development

Property Leasing

Banking and Financial Services

Relevant Teams

Legal

Real Estate

Property Management

Leasing

Risk Management

Compliance

Operations

Contract Administration

Housing Administration

Tenant Relations

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Housing Officer

Tenant Relations Manager

Property Administrator

Contract Manager

Risk Manager

Real Estate Director

Compliance Officer

Housing Coordinator

Lease Administrator

Property Operations Manager

Industries








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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