All Countries
Banking
Authorised Guarantee Agreement

Authorised Guarantee Agreement Template for Belgium

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Authorised Guarantee Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Authorised Guarantee Agreement

"I need an Authorised Guarantee Agreement under Belgian law for our retail chain's assignment of a shopping center lease in Brussels, where we (as original tenant) will guarantee the new tenant's obligations for a maximum period of 3 years from March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Authorised Guarantee Agreement (AGA) is a crucial document in Belgian commercial property transactions where a tenant wishes to assign their lease to another party. It provides security for landlords by ensuring the original tenant guarantees the new tenant's performance of lease obligations. This document becomes necessary when a lease assignment is proposed, and the landlord requires continued security from the original tenant. The agreement must comply with Belgian civil and commercial law requirements, including potential notarial requirements and registration obligations. It typically includes detailed provisions on the scope of guarantee, payment obligations, enforcement mechanisms, and termination conditions. The document is particularly important in commercial real estate transactions where substantial rental obligations or strategic properties are involved.
Suggested Sections

1. Parties: Identification of all parties: Guarantor, Beneficiary, and details of the Original Tenant whose obligations are being guaranteed

2. Background: Context of the guarantee, including details of the original lease, the assignment, and the requirement for the guarantee

3. Definitions and Interpretation: Definitions of key terms and interpretation rules, including specific Belgian law terminology

4. Guarantee and Indemnity: Core guarantee obligations, scope of the guarantee, and indemnification provisions

5. Duration and Extent of Liability: Time period of the guarantee and specific limitations on the guarantor's liability

6. Payment Obligations: Specific payment terms, timing, and mechanism for payments under the guarantee

7. Enforcement and Remedies: Rights of the beneficiary to enforce the guarantee and available remedies

8. Representations and Warranties: Guarantor's confirmations regarding capacity, authority, and financial status

9. Tax Provisions: Treatment of tax implications and responsibilities for tax payments

10. Notices: Communication requirements and contact details for formal notices

11. Governing Law and Jurisdiction: Confirmation of Belgian law governance and jurisdiction for disputes

Optional Sections

1. Security Provisions: Additional security measures if required, such as bank guarantees or charges over assets

2. Step-In Rights: Optional provisions allowing the guarantor to take over the lease in specific circumstances

3. Corporate Authorizations: Required for corporate guarantors, detailing internal approvals and authority

4. Currency Provisions: Required when payments might be made in multiple currencies

5. Assignment and Transfer: If transfer of guarantee rights or obligations might be permitted

6. Data Protection: Required when personal data processing is involved

7. Force Majeure: Optional provisions for extraordinary circumstances affecting guarantee obligations

8. Language Provisions: Required for multilingual agreements or when official translations are needed

Suggested Schedules

1. Original Lease Details: Copy or summary of the relevant lease terms being guaranteed

2. Form of Demand: Template for making demands under the guarantee

3. Corporate Authorities: Copies of relevant corporate approvals and authorizations

4. Payment Details: Bank account and payment processing information

5. Guaranteed Obligations: Detailed list of specific obligations covered by the guarantee

6. Notice Details: Comprehensive contact information for all parties

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Assignment
Assignment Date
Assignee
Assignor
Business Day
Demand
Guaranteed Obligations
Guarantee Period
Lease
Original Lease
Landlord
New Tenant
Original Tenant
Permitted Use
Premises
Property
Rent
Security Deposit
Term
VAT
Working Hours
Event of Default
Guarantee Fee
Guarantee Limit
Interest Rate
Notice
Payment Date
Relevant Jurisdiction
Signing Date
Step-In Rights
Tax
Working Day
Belgian Business Day
Enforcement Event
Guarantee Termination Date
Guaranteed Liabilities
Legal Costs
Material Adverse Effect
Parties
Relevant Documents
Required Currency
Service Charges
Trigger Event
Relevant Industries

Commercial Real Estate

Retail

Hospitality

Office Space Management

Industrial and Warehousing

Shopping Centers

Banking and Financial Services

Professional Services

Manufacturing

Logistics and Distribution

Relevant Teams

Legal

Real Estate

Finance

Risk Management

Operations

Treasury

Corporate Affairs

Facilities Management

Commercial

Property Management

Relevant Roles

Real Estate Manager

Legal Counsel

Commercial Property Director

Asset Manager

Lease Administrator

Risk Manager

Corporate Counsel

Property Portfolio Manager

Facilities Manager

Commercial Director

Chief Financial Officer

Operations Director

Treasury Manager

Contract Manager

Industries
Belgian Civil Code (Articles 2011-2043): Core provisions governing suretyship (cautionnement/borgtocht) and guarantees, including formation requirements, obligations of parties, and enforcement
Belgian Code of Economic Law (Book VII): Regulations concerning financial guarantees in commercial transactions and consumer protection provisions that might apply to guarantees
Law of 15 December 2004 on Financial Collateral: Implementation of EU Financial Collateral Directive, relevant for financial guarantees and security arrangements
Belgian Registration Duties Code: Requirements for registration of guarantee agreements and associated fiscal obligations
EU Regulation 593/2008 (Rome I): Determines the applicable law for contractual obligations in cross-border situations, relevant if the guarantee has international aspects
Belgian Mortgage Law: Relevant if the guarantee is connected to real estate or requires mortgage registration
Law of 2 August 2002 on Financial Supervision: Regulatory framework for financial institutions providing guarantees and related supervisory requirements
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

Find the exact document you need

Promissory Note Guaranty

A Belgian law-governed guarantee agreement securing payment obligations under a promissory note, providing recourse against the guarantor in case of the issuer's default.

find out more

Performance Guarantee Agreement

A Belgian law-governed agreement where a guarantor ensures compensation to a beneficiary if a principal debtor fails to meet contractual obligations.

find out more

Loan Guarantee Agreement

A Belgian law agreement where a guarantor secures a borrower's loan obligations, structured under Belgian Civil Code and financial regulations.

find out more

Guaranty Agreement

A Belgian law-governed agreement where a Guarantor undertakes to secure the obligations of a Principal Debtor to a Beneficiary, structured under Belgian civil law requirements.

find out more

Guarantee Rental Agreement

A Belgian law-governed agreement where a guarantor secures a tenant's rental obligations, complying with Belgian federal and regional housing regulations.

find out more

Authorised Guarantee Agreement

A Belgian law agreement where an original tenant guarantees a new tenant's lease obligations to the landlord following a lease assignment.

find out more

Loan Personal Guarantee Form

A Belgian law-governed document where a guarantor commits to repay a loan if the principal debtor defaults, structured in compliance with Belgian Civil Code and financial regulations.

find out more

Contract Of Indemnity And Guarantee

A Belgian law-governed agreement combining guarantee and indemnity provisions, where one party guarantees the obligations of another party to a third party beneficiary.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.