Guarantor Declaration Form for the United Kingdom

Guarantor Declaration Form Template for England and Wales

A Guarantor Declaration Form is a legally binding document used in England and Wales where one party (the guarantor) formally commits to assuming responsibility for another party's obligations if they fail to meet them. The document outlines the guarantor's personal details, the scope of the guarantee, and includes mandatory declarations regarding the guarantor's understanding of their obligations. It must comply with the Statute of Frauds 1677 and relevant consumer protection legislation.

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What is a Guarantor Declaration Form?

The Guarantor Declaration Form is a critical document in English and Welsh law used when a third party needs to provide security for another's obligations. It is commonly required in rental agreements, loan applications, and commercial contracts where additional security is needed. The form must include specific declarations to ensure compliance with the Statute of Frauds 1677 and other relevant legislation. It typically contains the guarantor's personal information, financial details, the scope of guarantee, and must be properly witnessed. The document serves as evidence of the guarantor's informed consent and understanding of their obligations.

What sections should be included in a Guarantor Declaration Form?

1. Declaration Details: Date, parties involved, and document reference numbers

2. Guarantor Information: Full legal name, address, and contact details of the guarantor

3. Primary Obligation Details: Details of the main agreement being guaranteed

4. Scope of Guarantee: Explicit statement of what is being guaranteed and the extent of liability

5. Declaration Statement: Formal statement of the guarantor's obligations and understanding

6. Signature Block: Space for guarantor's signature, witness details, and date

What sections are optional to include in a Guarantor Declaration Form?

1. Financial Status Declaration: Optional section for guarantor to declare their financial position - used for high-value guarantees or commercial transactions

2. Independent Legal Advice Certificate: Optional section confirming that the guarantor has received independent legal advice - used in complex commercial guarantees or where there's potential undue influence

3. Asset Schedule: Optional section listing guarantor's assets - used for high-value commercial guarantees

What schedules should be included in a Guarantor Declaration Form?

1. Schedule 1 - Guaranteed Obligations: Detailed list of the obligations being guaranteed

2. Schedule 2 - Supporting Documents: List of documents provided to support the guarantee

3. Appendix A - Identity Verification: Copies of identification documents and proof of address

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

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Declaration Of No Conflict Of Interest

A legal document under English and Welsh law where an individual formally declares the absence of any conflicts of interest that could affect their professional duties.

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What is a Guarantor Declaration Form?

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What sections are optional to include in a Guarantor Declaration Form?

What schedules should be included in a Guarantor Declaration Form?

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