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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."
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
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
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
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