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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."
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
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
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
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