Guarantor Joint Tenancy Agreement Template for England and Wales

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Key Requirements PROMPT example:

Guarantor Joint Tenancy Agreement

"I need a Guarantor Joint Tenancy Agreement for a 3-bedroom house in Manchester, starting March 2025, with three medical students as tenants and their parents as guarantors, including specific clauses about maintaining the property's study room and medical equipment storage."

What is a Guarantor Joint Tenancy Agreement?

The Guarantor Joint Tenancy Agreement is essential when multiple tenants share a property and require guarantor support, common in student lettings or young professional rentals under England and Wales jurisdiction. This document combines standard tenancy terms with specific guarantor provisions, ensuring that guarantors understand and accept their obligations to cover rent and other responsibilities if the tenants default. It's particularly important for landlords seeking additional security while letting to multiple occupants who share joint and several liability.

What sections should be included in a Guarantor Joint Tenancy Agreement?

1. Parties: Details of landlord, tenants, and guarantor(s)

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Term of Tenancy: Duration and type of tenancy

5. Rent and Payment Terms: Rent amount, payment schedule, and methods

6. Deposit Arrangements: Deposit amount and protection scheme details

7. Joint Tenant Obligations: Joint and several liability provisions

8. Guarantor Obligations: Scope and extent of guarantee

What sections are optional to include in a Guarantor Joint Tenancy Agreement?

1. Break Clause: Early termination provisions - use when parties want flexibility to end tenancy early

2. Subletting Provisions: Rules regarding subletting - include when subletting might be considered

3. Pet Clauses: Terms for keeping pets - include when pets are allowed in property

What schedules should be included in a Guarantor Joint Tenancy Agreement?

1. Schedule 1: Inventory: Detailed list of furniture and fittings

2. Schedule 2: Property Condition Report: Initial condition of property

3. Schedule 3: Guarantor Financial Information: Evidence of guarantor's financial status

4. Appendix A: House Rules: Additional property-specific regulations

5. Appendix B: Utility Responsibilities: Breakdown of utility payment responsibilities

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