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Guarantor Rental Agreement
"Need a UAE-compliant Guarantor Rental Agreement for a luxury residential property in Dubai Marina, with the tenant's father as guarantor, starting March 1, 2025, with specific provisions for early termination and maintenance obligations."
1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor, including Emirates ID numbers and contact information
2. Background: Explains the context of the rental agreement and the need for a guarantor
3. Definitions: Defines key terms used throughout the agreement
4. Primary Rental Terms: Details of the property, rent amount, payment terms, and duration of tenancy
5. Scope of Guarantee: Defines the extent of the guarantor's obligations and financial liability
6. Guarantor's Undertakings: Specific commitments and promises made by the guarantor
7. Duration of Guarantee: Period for which the guarantee remains valid
8. Tenant's Obligations: Key responsibilities and obligations of the tenant
9. Landlord's Obligations: Key responsibilities and obligations of the landlord
10. Default and Remedies: Procedures and consequences in case of default by tenant or guarantor
11. Enforcement: Mechanisms for enforcing the guarantee and applicable legal procedures
12. Notices: Communication procedures between all parties
13. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant courts' jurisdiction
1. Property Management: Include when a property management company is involved in managing the property
2. Multiple Guarantors: Include when there is more than one guarantor, defining joint and several liability
3. Corporate Guarantee Provisions: Include when the guarantor is a corporate entity rather than an individual
4. Fixed Term Provisions: Include for fixed-term tenancies with specific end dates
5. Periodic Tenancy Provisions: Include for periodic tenancies without fixed end dates
6. Commercial Use Provisions: Include when property is for commercial rather than residential use
7. Early Termination: Include when early termination options are allowed
8. Guarantee Release Conditions: Include when specific conditions for releasing the guarantor are agreed
1. Schedule 1 - Property Details: Detailed description of the property including location, size, and included fixtures/fittings
2. Schedule 2 - Rental Payment Schedule: Detailed breakdown of rental payments, including dates and amounts
3. Schedule 3 - Guarantor Financial Information: Details of guarantor's financial status and proof of ability to meet obligations
4. Schedule 4 - Condition Report: Detailed report of property condition at start of tenancy
5. Appendix A - Required Documents: Copies of required identification documents for all parties
6. Appendix B - Property Photos: Photographic evidence of property condition
7. Appendix C - EJARI Certificate: Copy of EJARI registration (to be added after registration)
Authors
Real Estate
Property Management
Legal Services
Banking & Financial Services
Corporate Housing
Residential Property
Commercial Property
Student Housing
Hospitality
Retail
Legal
Real Estate
Property Management
Facilities
Risk Management
Compliance
Corporate Housing
Administration
Contracts Administration
Operations
Real Estate Manager
Property Manager
Legal Counsel
Contracts Manager
Housing Officer
Leasing Manager
Facilities Manager
Corporate Housing Manager
Risk Manager
Compliance Officer
Real Estate Agent
Property Administrator
Legal Administrator
Housing Coordinator
Tenant Relations Manager
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