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Guarantor Lease Agreement
"I need a Guarantor Lease Agreement for a student property in Manchester, where the tenant's parent will act as guarantor for a 12-month lease starting from September 2025, with a monthly rent of £800."
1. Parties: Identifies and defines all parties: Landlord, Tenant, and Guarantor
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Demise: Details of the property being leased
5. Term: Duration of the lease
6. Rent and Payment Terms: Rent amount, payment schedule, and methods
7. Guarantor Obligations: Specific obligations and extent of guarantee
8. Tenant Covenants: Tenant's obligations under the lease
9. Landlord Covenants: Landlord's obligations under the lease
1. Break Clause: Early termination provisions - use when parties want flexibility to end lease early
2. Rent Review: Provisions for adjusting rent - typically included for longer-term leases
3. Service Charge Provisions: Details of service charges and calculations - include for properties with shared facilities or services
1. Property Description Schedule: Detailed description of the property including floor plans and photographs
2. Inventory Schedule: List of fixtures, fittings, and contents
3. Guarantor's Statement of Worth: Financial information demonstrating guarantor's ability to meet obligations
4. Permitted Use Schedule: Specific terms about how the property may be used
5. Service Charge Schedule: Breakdown of service charges and calculation methods
Authors
Property
Landlord
Tenant
Guarantor
Term
Commencement Date
Expiry Date
Rent
Deposit
Permitted Use
Rent Payment Date
Service Charge
Common Parts
Guarantor Obligations
Lease
Tenant Covenants
Landlord Covenants
Guaranteed Obligations
Default Event
Payment Default
Working Day
Interest Rate
Relevant Authority
Planning Acts
Utilities
Contents
Inventory
Schedule of Condition
Relevant Period
Insured Risks
Building
Maintenance Obligations
Permitted Occupiers
Statutory Requirements
Demise
Term
Rent
Service Charges
Deposit
Guarantor Obligations
Tenant Covenants
Landlord Covenants
Insurance
Repair and Maintenance
Alterations and Improvements
Use and Occupation
Assignment and Subletting
Default and Remedies
Break Rights
Termination
Utilities and Outgoings
Access Rights
Quiet Enjoyment
Notices
Costs
Indemnity
Force Majeure
Severability
Entire Agreement
Jurisdiction
Governing Law
Third Party Rights
Variation and Waiver
Joint and Several Liability
Dispute Resolution
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