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Rental Guarantee Form
1. Parties: Identification of the guarantor (typically a bank or financial institution), the beneficiary (landlord), and the principal debtor (tenant)
2. Background: Brief context about the underlying rental agreement and the requirement for this guarantee
3. Definitions: Key terms used in the guarantee form, including 'Rental Agreement', 'Guarantee Amount', 'Property', and 'Guarantee Period'
4. Guarantee Amount: Specific amount of the guarantee, typically expressed in Danish Krone, and confirmation that this represents the maximum liability of the guarantor
5. Scope of Guarantee: Details of what the guarantee covers (e.g., unpaid rent, damages to property, utility bills)
6. Duration: The period for which the guarantee is valid, including start date and any conditions for expiry
7. Conditions for Payment: Specific circumstances and procedures under which the landlord can call upon the guarantee
8. Notice Requirements: Formal requirements for making a claim under the guarantee, including necessary documentation
9. Governing Law and Jurisdiction: Confirmation that Danish law governs the guarantee and specification of jurisdiction for disputes
1. Step-In Rights: Optional section for commercial properties where a third party may have rights to take over the tenant's position
2. Guarantee Reduction Provisions: Terms for reducing the guarantee amount over time, if agreed between parties
3. Multiple Beneficiaries: Required when there are multiple landlords or property managers who may call upon the guarantee
4. Assignment Provisions: Terms regarding the transfer of rights under the guarantee, particularly relevant for commercial properties
5. Counter-Indemnity: Terms regarding the tenant's obligation to indemnify the guarantor, typically used in bank guarantees
6. Special Conditions: Any specific conditions agreed between the parties that deviate from standard guarantee terms
1. Copy of Rental Agreement: The underlying rental agreement referenced in the guarantee
2. Property Description: Detailed description of the rental property covered by the guarantee
3. Claim Form Template: Standard form to be used by the landlord when making a claim under the guarantee
4. Authorization Documents: Any power of attorney or authorization documents if the guarantee is signed by representatives
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