Guaranty Of Lease Agreement Template for Saudi Arabia

1. Multiple Guarantors: Additional provisions for cases involving more than one guarantor, defining joint and several liability

2. Corporate Guarantor Provisions: Specific provisions required when the guarantor is a company rather than an individual

3. Security Provisions: Additional security measures such as bank guarantees or pledged assets

4. Assignment and Transfer: Provisions allowing or restricting the transfer of guarantee rights

5. Currency Provisions: Required when rent payments are in multiple currencies or involve international parties

6. Notice Requirements: Detailed notification procedures for specific circumstances or jurisdictions

7. Dispute Resolution: Alternative dispute resolution mechanisms such as arbitration or mediation

1. Copy of Lease Agreement: Complete copy of the underlying lease agreement being guaranteed

2. Property Details: Detailed description of the leased property, including address and specifications

3. Payment Schedule: Breakdown of rent payments and other financial obligations covered by the guarantee

4. Guarantor's Financial Information: Required financial statements or proof of financial capacity

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

6. Required Notices: Forms and templates for various notices required under the agreement