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Guarantor Lease Agreement Template for England and Wales

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Key Requirements PROMPT example:

Guarantor Lease Agreement

"I need a Guarantor Lease Agreement for a student property in Manchester, where the tenant's parent will act as guarantor for a 12-month lease starting from September 2025, with a monthly rent of £800."

Document background
The Guarantor Lease Agreement is a crucial document in property letting, particularly common in student lettings and situations where tenants have limited credit history or financial standing. Under English and Welsh law, this agreement creates a legally binding commitment from a guarantor (often a parent or family member) to assume responsibility for the tenant's obligations if they default. The agreement typically covers the entire duration of the lease and includes specific terms about the extent of the guarantee, conditions for the guarantor's liability, and the process for enforcing the guarantee.
Suggested Sections

1. Parties: Identifies and defines all parties: Landlord, Tenant, and Guarantor

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Demise: Details of the property being leased

5. Term: Duration of the lease

6. Rent and Payment Terms: Rent amount, payment schedule, and methods

7. Guarantor Obligations: Specific obligations and extent of guarantee

8. Tenant Covenants: Tenant's obligations under the lease

9. Landlord Covenants: Landlord's obligations under the lease

Optional Sections

1. Break Clause: Early termination provisions - use when parties want flexibility to end lease early

2. Rent Review: Provisions for adjusting rent - typically included for longer-term leases

3. Service Charge Provisions: Details of service charges and calculations - include for properties with shared facilities or services

Suggested Schedules

1. Property Description Schedule: Detailed description of the property including floor plans and photographs

2. Inventory Schedule: List of fixtures, fittings, and contents

3. Guarantor's Statement of Worth: Financial information demonstrating guarantor's ability to meet obligations

4. Permitted Use Schedule: Specific terms about how the property may be used

5. Service Charge Schedule: Breakdown of service charges and calculation methods

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Landlord and Tenant Act 1985: Foundational legislation establishing basic rights and obligations between landlords and tenants, including landlord's repairing obligations and standards for human habitation

Landlord and Tenant Act 1987: Legislation covering service charges, property management, and requirements for landlord identification disclosure

Housing Act 1988: Defines assured and assured shorthold tenancies, establishes grounds for possession, and specifies notice requirements

Law of Property Act 1925: Sets out fundamental property law principles and legal requirements for creation of leases

Contracts (Rights of Third Parties) Act 1999: Governs third-party rights in contracts, particularly relevant for guarantor's rights and obligations in lease agreements

Consumer Rights Act 2015: Regulates unfair terms in consumer contracts and establishes transparency requirements for consumer agreements

Deregulation Act 2015: Contains provisions regarding deposit protection and Section 21 notice requirements for ending tenancies

Housing Act 2004: Establishes deposit protection schemes and regulations for Houses in Multiple Occupation (HMO)

Equality Act 2010: Prevents discrimination in housing and ensures equal treatment of tenants regardless of protected characteristics

Tenant Fees Act 2019: Restricts and regulates fees that can be charged to tenants and guarantors in relation to tenancy agreements

Data Protection Act 2018 and GDPR: Governs the handling and protection of personal data of tenants and guarantors

Money Laundering Regulations: Establishes requirements for identity verification and financial checks where applicable to property transactions

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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