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Guarantee Rental Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Guarantee Rental Agreement

"I need a Guarantee Rental Agreement for a commercial property in Dubai, UAE, where a parent company will act as guarantor for its subsidiary's 5-year office lease starting March 2025, with the guarantee covering both rent and service charges."

Document background
The Guarantee Rental Agreement serves as a crucial document in the UAE real estate market, providing landlords with additional security for their rental properties. This document type is commonly used when tenants require a guarantor to support their rental obligations, whether in commercial or residential contexts. The agreement must comply with UAE Federal Law No. 5 of 1985 (Civil Code) and specific emirate-level rental regulations, making it essential to consider local requirements such as EJARI registration in Dubai or TAWTHEEQ in Abu Dhabi. The Guarantee Rental Agreement typically includes detailed provisions about the guarantee's scope, the guarantor's obligations, enforcement mechanisms, and the relationship between all parties involved. It's particularly relevant in situations involving corporate leases, international tenants, or high-value rental properties where additional security is required beyond standard security deposits.
Suggested Sections

1. Parties: Identification of all parties: Guarantor, Landlord, and Tenant, including full legal names, addresses, and relevant identification numbers

2. Background: Context of the rental agreement and the reason for the guarantee

3. Definitions: Key terms used throughout the agreement, including Property, Guarantee Amount, Rental Period, and other relevant terms

4. Scope of Guarantee: Detailed description of what the guarantee covers, including rent, utilities, maintenance, and any other obligations

5. Duration of Guarantee: Term of the guarantee, including start date and conditions for termination

6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor, including payment terms and conditions

7. Enforcement and Claims: Process for making claims against the guarantee and enforcement procedures

8. Landlord's Rights: Rights of the landlord in relation to the guarantee, including when and how it can be called upon

9. Notices: Requirements for formal communications between parties

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts' jurisdiction

11. Execution: Signature blocks and execution requirements

Optional Sections

1. Bank Guarantee Provisions: Specific provisions when the guarantee is provided by a bank rather than an individual or corporate guarantor

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

3. Property Management: Provisions related to property management companies if they are involved in managing the guaranteed property

4. Insurance Requirements: Specific insurance obligations related to the guarantee

5. Force Majeure: Provisions for extraordinary circumstances affecting the guarantee obligations

6. Assignment and Transfer: Provisions allowing or restricting the transfer of guarantee obligations

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

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the rental property, including address, size, and condition

2. Schedule 2 - Rental Payment Schedule: Breakdown of rent payments, due dates, and payment methods

3. Schedule 3 - Guarantee Amount Calculation: Detailed calculation of the guarantee amount and any applicable conditions

4. Schedule 4 - Required Documents: List of supporting documents required for the guarantee, including ID copies and financial statements

5. Schedule 5 - Property Inspection Report: Initial condition report of the property relevant to the guarantee obligations

6. Appendix A - Form of Demand: Template for making a claim against the guarantee

7. Appendix B - Registration Requirements: Documentation required for registering the guarantee with relevant authorities (e.g., EJARI)

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses


























Relevant Industries

Real Estate

Banking & Financial Services

Commercial Property

Residential Property

Retail

Hospitality

Industrial & Manufacturing

Professional Services

Healthcare

Education

Relevant Teams

Legal

Real Estate

Facilities Management

Risk & Compliance

Finance

Operations

Corporate Services

Administration

Property Management

Asset Management

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Corporate Housing Manager

Facilities Manager

Lease Administrator

Risk Manager

Compliance Officer

Commercial Director

Chief Financial Officer

Real Estate Agent

Property Consultant

Tenancy Contract Specialist

Real Estate Legal Advisor

Asset Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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