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Lease Guaranty Agreement

Lease Guaranty Agreement Template for Singapore

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Key Requirements PROMPT example:

Lease Guaranty Agreement

"I need a Lease Guaranty Agreement under Singapore law where my parent company will guarantee a 5-year commercial lease starting March 2025 for our new subsidiary's office space at Marina Bay Financial Centre, with a monthly rent of SGD 25,000."

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Document background
A Lease Guaranty Agreement is commonly used in Singapore's property market when additional security is required for a lease arrangement. This typically occurs when a tenant's financial standing alone is insufficient to satisfy the landlord's requirements, or when dealing with new businesses or overseas entities. The agreement details the guarantor's obligations, including payment of rent, compliance with lease terms, and compensation for damages. Under Singapore law, the guarantee must be in writing and clearly specify the guaranteed obligations. This document provides landlords with additional security while facilitating lease arrangements that might otherwise not be possible.
Suggested Sections

1. Parties: Identifies the guarantor, landlord, and tenant with full legal names and addresses

2. Background: Describes the underlying lease and circumstances requiring the guarantee

3. Definitions: Defines key terms used throughout the agreement

4. Guarantee and Indemnity: Core obligations of the guarantor

5. Duration of Guarantee: Period of effectiveness of the guarantee

6. Guarantor's Obligations: Detailed list of specific obligations and responsibilities

7. Enforcement: Mechanisms for enforcing the guarantee

8. Execution: Signature blocks and execution formalities

Optional Sections

1. Assignment: Rights to assign the guarantee - include when assignment rights are required

2. Joint and Several Liability: Multiple guarantors' liability provisions - include when there are multiple guarantors

3. Costs and Expenses: Allocation of legal and enforcement costs - include when specific cost arrangements are needed

Suggested Schedules

1. Schedule 1 - Principal Lease: Copy or details of the underlying lease agreement

2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations being guaranteed

3. Appendix A - Property Details: Details of the leased property

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






























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Industries

Civil Law Act (Cap. 43): Primary legislation governing contract law and guarantees in Singapore, including requirements for written contracts and rules regarding consideration

Contracts (Rights of Third Parties) Act: Legislation governing how third parties may enforce terms of a contract to which they are not a direct party

Conveyancing and Law of Property Act (Cap. 61): Key property law legislation governing real estate transactions and property rights in Singapore

Planning Act (Cap. 232): Legislation controlling land use and property development in Singapore

Building Control Act (Cap. 29): Legislation governing building works and standards in Singapore

Control of Rent Act: Legislation governing rental control and tenant-landlord relationships where applicable

Building Maintenance and Strata Management Act: Legislation governing the maintenance and management of strata properties

Misrepresentation Act: Legislation providing remedies for false statements made during contract formation

Unfair Contract Terms Act: Legislation restricting the use of exclusion clauses and requiring reasonable terms in contracts

Legal Profession Act: Legislation governing requirements for legal documentation and professional legal services

Stamp Duties Act: Legislation governing stamp duty requirements for lease-related documents and property transactions

Common Law Principles: Established case law and legal principles regarding the formation, enforcement, and interpretation of guarantees

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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