Document background
The Lease Guarantor Form is essential in situations where additional security is required for a lease agreement, particularly when a tenant's financial standing or credit history necessitates extra assurance. Commonly used in both residential and commercial contexts in England and Wales, this document outlines the guarantor's obligations, the extent of their liability, and the conditions under which the guarantee can be enforced. The form must comply with strict legal requirements and typically includes personal details of all parties, reference to the main lease, and specific terms of the guarantee. It provides landlords with security while enabling tenants who might otherwise be rejected to secure a lease.
