Rent Guarantor Form Template for Indonesia

The Rent Guarantor Form is a crucial document in Indonesian property rental transactions, used when additional security is required beyond the tenant's own covenant. This document becomes necessary in various scenarios, such as student rentals, first-time renters, or when tenants don't meet specific financial criteria. The form, governed by Indonesian law including the Civil Code (KUH Perdata) and relevant property regulations, establishes the guarantor's legal obligation to fulfill the tenant's responsibilities in case of default. It typically includes detailed sections covering the scope of guarantee, financial obligations, enforcement procedures, and termination conditions. The document must be drafted in Indonesian or bilingually if foreign parties are involved, as per Law No. 24 of 2009.

1. Parties: Identifies and provides full details of all parties involved: the Landlord, Tenant, and Guarantor, including their legal names, addresses, and identification numbers

2. Background: Brief context explaining the rental agreement between Landlord and Tenant, and the requirement for a guarantor

3. Definitions: Key terms used throughout the document, including 'Rental Agreement', 'Guaranteed Obligations', 'Property', and 'Guarantee Period'

4. Scope of Guarantee: Detailed description of what obligations the guarantor is guaranteeing, including rent payments, property damage, and other tenant obligations

5. Duration of Guarantee: Specifies the time period for which the guarantee is valid, typically aligned with the rental agreement term

6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor, including payment obligations and response timeframes

7. Limit of Liability: Clear statement of the maximum amount the guarantor may be liable for and any exclusions

8. Enforcement Process: Steps the landlord must take before calling upon the guarantee, including notice requirements

9. Termination: Conditions under which the guarantee can be terminated and the process for termination

10. Governing Law: Confirms that Indonesian law governs the agreement and specifies jurisdiction for disputes