Document background
The Guarantee Rental Agreement is a vital document in Hong Kong's property market, particularly useful in situations where additional security is required beyond a standard tenancy agreement. This document is commonly used when letting high-value properties, when tenants have limited rental history in Hong Kong, or when corporate policies require guaranteed tenancies. The agreement combines standard rental provisions with specific guarantee clauses, ensuring compliance with Hong Kong's Landlord and Tenant (Consolidation) Ordinance and related legislation. It provides landlords with additional security while clearly defining the guarantor's obligations and limitations. The document is structured to protect all parties' interests and typically includes detailed provisions about the property, rental terms, maintenance responsibilities, and the specific circumstances under which the guarantee can be enforced.
