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Guarantor Tenancy Agreement

Guarantor Tenancy Agreement Template for Malaysia

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Key Requirements PROMPT example:

Guarantor Tenancy Agreement

"I need a Guarantor Tenancy Agreement for a student rental property in Kuala Lumpur, starting from January 2025, where the tenant's parent will act as guarantor and the property includes furnished student accommodation with shared facilities."

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Document background
The Guarantor Tenancy Agreement is essential in Malaysian property rentals where additional financial security is required beyond the standard tenant covenant. This document type is commonly used for student rentals, first-time tenants, or commercial leases where the tenant's financial standing needs reinforcement. The agreement combines standard tenancy provisions with specific guarantor obligations, ensuring compliance with Malaysian law, particularly the Contracts Act 1950 and the National Land Code 1965. It provides comprehensive coverage of the landlord-tenant relationship while incorporating the guarantor's commitment to fulfill the tenant's obligations in case of default. The document is structured to protect all parties' interests while maintaining enforceability under Malaysian jurisdiction, making it a crucial tool in property management and rental security.
Suggested Sections

1. Parties: Identification of the Landlord, Tenant, and Guarantor with full legal names and addresses

2. Background: Context of the agreement including the property letting and need for guarantee

3. Definitions: Definitions of key terms used throughout the agreement

4. Primary Tenancy Terms: Key terms of the underlying tenancy including duration, rent, and payment terms

5. Guarantor's Obligations: Scope and extent of the guarantor's liability and responsibilities

6. Duration of Guarantee: Period for which the guarantee remains valid, including any extension provisions

7. Property Use and Maintenance: Terms regarding permitted use and maintenance obligations

8. Payment Terms: Details of rent, deposit, and other payment obligations

9. Default and Remedies: Consequences of default and available remedies for all parties

10. Termination: Circumstances and procedures for terminating the agreement

11. Notices: Requirements for giving valid notices under the agreement

12. Governing Law: Confirmation of Malaysian law application and jurisdiction

Optional Sections

1. Multiple Guarantors: Additional provisions for cases with more than one guarantor, defining joint and several liability

2. Property Modifications: Terms regarding permitted modifications to the property, if applicable

3. Insurance Requirements: Specific insurance obligations for tenant and/or guarantor

4. Subletting Provisions: Terms regarding subletting if permitted, including guarantor's obligations

5. Special Use Conditions: For properties with specific use requirements (e.g., commercial elements)

6. Religious or Cultural Requirements: Specific provisions relating to religious or cultural use of the property

7. Guarantor Financial Reporting: Requirements for guarantor to provide ongoing financial information

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the property including address and included fixtures/fittings

2. Schedule 2 - Rent and Payment Schedule: Detailed breakdown of rent, payment dates, and payment methods

3. Schedule 3 - Inventory: List of furniture and fixtures provided with the property

4. Schedule 4 - Property Condition Report: Detailed report of property condition at commencement of tenancy

5. Schedule 5 - Guarantor's Statement of Assets: Declaration of guarantor's financial position

6. Appendix A - House Rules: Specific rules and regulations for the property

7. Appendix B - Maintenance Schedule: Schedule of regular maintenance responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions























Clauses

























Relevant Industries

Real Estate

Property Management

Residential Housing

Commercial Property

Student Housing

Retail

Hospitality

Professional Services

Education

Relevant Teams

Legal

Property Management

Real Estate

Facilities

Risk Management

Contract Administration

Tenant Relations

Housing Administration

Compliance

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Leasing Manager

Property Administrator

Contract Manager

Facilities Manager

Housing Officer

Tenant Relations Manager

Risk Manager

Commercial Property Manager

Student Housing Coordinator

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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