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Guarantor Tenancy Agreement
"I need a Guarantor Tenancy Agreement for a student apartment rental in Manila, where the tenant's parents will act as guarantors, with the lease starting March 1, 2025, and I want to ensure it includes specific provisions about advance rent payment and utility responsibilities."
1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor, including their complete names, addresses, and contact information
2. Background: Explains the context of the agreement, including the property being let and the requirement for a guarantor
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Term of Tenancy: Specifies the duration of the lease, including start date and end date if fixed-term
5. Rent and Payment Terms: Details the rent amount, payment schedule, method of payment, and any review mechanisms
6. Security Deposit: Specifies the amount, payment terms, and conditions for return of the security deposit
7. Tenant Obligations: Lists all responsibilities and obligations of the tenant during the tenancy
8. Landlord Obligations: Details the responsibilities and obligations of the landlord
9. Guarantor Obligations: Specifies the extent and nature of the guarantee, including the guarantor's specific obligations and liabilities
10. Guarantee Provisions: Details the terms of the guarantee, including duration, scope, and conditions for enforcement
11. Property Use and Maintenance: Specifies permitted use of the property and maintenance responsibilities
12. Termination Provisions: Details circumstances and procedures for ending the tenancy and guarantee
13. Default and Remedies: Specifies what constitutes default and the available remedies for each party
14. General Provisions: Includes standard contract clauses such as notices, entire agreement, and governing law
1. Utilities and Bills: Include when responsibilities for utilities and bills need to be explicitly allocated between parties
2. Subletting and Assignment: Include when the agreement needs to address whether subletting or assignment is permitted
3. Pets: Include when there are specific provisions regarding keeping pets in the property
4. Property Management: Include when a property manager is involved in managing the tenancy
5. Insurance Requirements: Include when specific insurance requirements are imposed on any party
6. Alterations and Improvements: Include when addressing tenant's rights to make changes to the property
7. Multiple Guarantors: Include when there is more than one guarantor to specify joint and several liability
8. Change of Ownership: Include when addressing the impact of property sale or transfer on the agreement
1. Schedule 1 - Property Description: Detailed description of the property including address, boundaries, and included fixtures and fittings
2. Schedule 2 - Inventory and Condition Report: Detailed list of furniture, appliances, and their condition at the start of tenancy
3. Schedule 3 - Rent Payment Schedule: Detailed breakdown of rent payments, due dates, and payment methods
4. Schedule 4 - Guarantor Financial Statement: Financial information provided by the guarantor to demonstrate capacity to fulfill guarantee obligations
5. Appendix A - House Rules: Specific rules and regulations for the use of the property
6. Appendix B - Maintenance Schedule: Schedule of regular maintenance tasks and responsibilities
7. Appendix C - Utility Agreements: Copies or details of utility transfer or connection agreements
8. Appendix D - Required Notices: Templates for various notices required under the agreement
Authors
Real Estate
Residential Property
Commercial Property
Property Management
Legal Services
Banking and Finance
Student Housing
Corporate Housing
Legal
Real Estate
Property Management
Leasing
Compliance
Risk Management
Operations
Administrative Support
Customer Relations
Document Management
Property Manager
Real Estate Agent
Leasing Manager
Legal Counsel
Housing Officer
Tenant Relations Manager
Contract Administrator
Property Owner
Asset Manager
Facilities Manager
Real Estate Broker
Compliance Officer
Risk Manager
Student Housing Coordinator
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