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Guarantee Rental Agreement Template for Singapore

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Key Requirements PROMPT example:

Guarantee Rental Agreement

"I need a Guarantee Rental Agreement for a high-value commercial property in Singapore, where a corporate guarantor will be backing a foreign company's 5-year lease starting January 2025, with specific provisions for quarterly rent reviews and foreign currency payments."

Document background
The Guarantee Rental Agreement is essential in Singapore's property rental market where landlords seek additional security for their rental income. This document is typically used when tenants have limited rental history, are students, or have insufficient income to satisfy the landlord's requirements independently. The agreement details the guarantor's obligations, the extent of liability, and enforcement mechanisms under Singapore law. It ensures compliance with local property regulations, including specific provisions for HDB properties where applicable, and provides a clear framework for all parties' rights and responsibilities.
Suggested Sections

1. Parties: Identifies and details all parties: Landlord, Tenant, and Guarantor

2. Background: Context of the guarantee arrangement and primary tenancy agreement

3. Definitions: Key terms used throughout the agreement

4. Guarantee and Indemnity: Core obligations of the guarantor

5. Duration of Guarantee: Term and expiry of the guarantee

6. Guarantor's Obligations: Specific responsibilities and extent of liability

7. Enforcement: Mechanisms for enforcing the guarantee

Optional Sections

1. Joint and Several Liability: Include when multiple guarantors are involved

2. Corporate Guarantee Provisions: Include when guarantor is a company

3. Foreign Currency Provisions: Include when rent payments are in foreign currency

Suggested Schedules

1. Primary Tenancy Agreement: Copy of the main lease being guaranteed

2. Guarantor's Personal Information: Details of guarantor's employment, assets, and contact information

3. Property Details: Specific details of the rental property

4. Payment Schedule: Details of rent payment obligations being guaranteed

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






























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Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and guarantees in Singapore, establishing requirements for contractual validity and enforcement of guarantee agreements

Residential Property Act (Cap. 274): Regulates residential property rentals and includes specific restrictions on foreign ownership and rental arrangements in Singapore

Housing and Development Act (Cap. 129): Governs public housing (HDB) properties, including specific rules and restrictions for rental of public housing units

Conveyancing and Law of Property Act (Cap. 61): Contains legal provisions relating to property transactions, defining rights and obligations of property owners and tenants

Landlord and Tenant (Regulation of Rents) Act: Although no longer in force, provides historical context and established principles for rental agreements in Singapore

Stamp Duties Act (Cap. 312): Specifies requirements for stamp duty on tenancy agreements, including applicable rates and payment obligations

COVID-19 (Temporary Measures) Act 2020: Provides temporary measures affecting rental agreements and force majeure considerations during the pandemic period

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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