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The Guarantor Rental Agreement is a crucial document in Hong Kong's property rental market, commonly used when landlords require additional security beyond a standard tenancy agreement. This typically occurs when renting to students, young professionals, or tenants with limited credit history or income. The agreement outlines the guarantor's obligations to fulfill the tenant's responsibilities if the tenant defaults, including rent payments, property maintenance, and other lease terms. Under Hong Kong law, the document must comply with specific legal requirements, including proper execution and stamping. The agreement protects landlords' interests while facilitating rental arrangements for tenants who might otherwise struggle to secure a lease. It's particularly relevant in high-value property markets or commercial leases where significant financial commitments are involved.

1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor, including their respective addresses and contact information

2. Background: Sets out the context of the agreement, including that the Landlord has agreed to let the Property to the Tenant subject to the provision of a guarantee

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Tenancy Agreement', 'Rent', 'Term', and 'Guaranteed Obligations'

4. Primary Tenancy Terms: Summarizes the key terms of the underlying tenancy agreement, including property details, rent amount, and duration

5. Guarantee and Indemnity: Core section detailing the guarantor's obligations, the extent of the guarantee, and the terms of the indemnity

6. Duration of Guarantee: Specifies how long the guarantee remains in effect and any conditions affecting its duration

7. Guarantor's Acknowledgments: Contains specific confirmations and acknowledgments by the guarantor regarding their obligations

8. Landlord's Rights and Remedies: Details the landlord's rights in enforcing the guarantee and seeking remedies

9. Payment Provisions: Specifies how and when the guarantor must make payments upon demand

10. Termination: Sets out the circumstances under which the guarantee may be terminated

11. Notices: Specifies how formal notices must be given between the parties

12. Governing Law and Jurisdiction: Confirms Hong Kong law governs the agreement and Hong Kong courts have jurisdiction