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Guarantor Tenancy Agreement Template for Philippines

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Key Requirements PROMPT example:

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."

Document background
The Guarantor Tenancy Agreement is essential in situations where additional security is required beyond a standard tenancy agreement, particularly common in the Philippines for student rentals, first-time renters, or tenants with limited credit history. The document combines elements of a standard lease agreement with specific guarantorship provisions under Philippine law, creating a legally binding commitment from a third party (the guarantor) to assume financial responsibility if the tenant defaults on their obligations. It includes detailed terms about the property, rental payments, maintenance responsibilities, and the specific circumstances under which the guarantee can be enforced. The agreement must comply with various Philippine legal requirements, including the Civil Code's provisions on contracts and guaranty, the Rent Control Act for residential properties, and local property regulations.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

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

Relevant legal definitions









































Clauses




































Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Legal Services

Banking and Finance

Student Housing

Corporate Housing

Relevant Teams

Legal

Real Estate

Property Management

Leasing

Compliance

Risk Management

Operations

Administrative Support

Customer Relations

Document Management

Relevant Roles

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

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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