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Guarantor Tenancy Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Guarantor Tenancy Agreement

"I need a Guarantor Tenancy Agreement for a student tenant renting my apartment in North Point, Hong Kong, starting March 2025, where the tenant's parents in mainland China will act as guarantors."

Document background
The Guarantor Tenancy Agreement is essential in situations where additional security is required for a tenancy, commonly used in Hong Kong's residential and commercial property markets. This document is particularly relevant when dealing with student tenants, first-time renters, or tenants with limited credit history in Hong Kong. It provides landlords with additional security while enabling tenants who might otherwise not qualify to secure a lease. The agreement must comply with Hong Kong's legal requirements, including the Landlord and Tenant (Consolidation) Ordinance and contract law principles. The document typically includes detailed provisions about the property, rental terms, tenant obligations, and specifically outlines the scope and duration of the guarantor's liability. It's crucial for protecting all parties' interests and ensuring clear understanding of their respective rights and obligations under Hong Kong law.
Suggested Sections

1. Parties: Identifies and provides full details of the landlord, tenant, and guarantor

2. Background: Sets out the context of the agreement, including property ownership and intention to let

3. Definitions and Interpretation: Defines key terms used throughout the agreement and interpretation rules

4. Demise: Specifies the property being let and the term of the tenancy

5. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment

6. Tenant's Covenants: Lists all obligations and promises made by the tenant

7. Landlord's Covenants: Lists all obligations and promises made by the landlord

8. Guarantee Provisions: Sets out the guarantor's obligations, extent of liability, and duration of guarantee

9. Security Deposit: Details regarding the deposit amount, holding, and conditions for return

10. Insurance: Specifies insurance requirements for both landlord and tenant

11. Termination Provisions: Conditions and procedures for early termination or breach

12. Notices: Specifies how formal notices should be given between parties

13. Governing Law: Confirms Hong Kong law governs the agreement

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

Optional Sections

1. Special Conditions: For any unique terms specific to this tenancy, such as specific use restrictions or allowances

2. Utilities and Services: If there are specific arrangements for utility payments or included services

3. Management Rules: If the property is part of a managed building with specific rules

4. Break Clause: Optional early termination rights for either party

5. Renovation and Alterations: If specific works are permitted or planned

6. Multiple Guarantors: Additional provisions when there is more than one guarantor

7. Option to Renew: If the tenant is being given an option to extend the lease

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including fixtures and fittings

2. Schedule 2 - Inventory List: Detailed inventory of furniture and items included in the tenancy

3. Schedule 3 - House Rules: Building or property specific rules and regulations

4. Schedule 4 - Specified Defects: List of any existing defects or damage noted at commencement

5. Appendix A - Floor Plan: Floor plan of the property

6. Appendix B - Photographs: Photographic evidence of property condition at commencement

7. Appendix C - Guarantor's Financial Information: Required financial information or proof of guarantor's means

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
















































Clauses









































Relevant Industries

Real Estate

Property Management

Legal Services

Housing

Residential Property

Commercial Property

Property Investment

Student Housing

Corporate Housing

Banking and Finance

Relevant Teams

Legal

Real Estate

Property Management

Facilities

Compliance

Risk Management

Housing Administration

Contracts Administration

Leasing

Operations

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Property Lawyer

Tenancy Administrator

Housing Officer

Estate Manager

Facilities Manager

Contract Administrator

Risk Manager

Compliance Officer

Property Director

Student Housing Manager

Corporate Housing 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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