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Rental Guarantee Form Template for Denmark

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Key Requirements PROMPT example:

Rental Guarantee Form

Document background
The Rental Guarantee Form is a crucial document in Danish property rental transactions, used when a tenant opts for a bank guarantee instead of paying a cash deposit to the landlord. This arrangement is recognized under the Danish Rent Act and is common in both residential and commercial leases. The document outlines the guarantor's commitment to pay a specified sum to the landlord under defined circumstances, typically covering unpaid rent, utilities, or property damage. The guarantee amount usually equals three months' rent for residential properties, though it may vary for commercial leases. This form is particularly relevant when tenants prefer to maintain liquidity rather than tie up funds in a rental deposit, or when corporate policies require bank guarantees instead of cash deposits.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Relevant legal definitions



































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Relevant Industries
Relevant Teams
Relevant Roles
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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