Guarantor Lease Agreement

Guarantor Lease Agreement Template for Ireland

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Key Requirements PROMPT example:

"I need a Guarantor Lease Agreement for a student rental property in Dublin, starting January 2025, where the tenant's parents will act as guarantors and we need to include specific provisions for summer subletting and maintaining the property's garden."

Document background

A Guarantor Lease Agreement is essential in situations where additional financial security is required for a residential tenancy in Ireland. This document is commonly used for student rentals, first-time renters, or situations where tenants may have limited credit history or income. The agreement combines standard residential lease provisions with specific guarantor obligations, ensuring compliance with Irish residential tenancy laws, particularly the Residential Tenancies Act 2004 and its amendments. It provides detailed terms for all three parties involved - landlord, tenant, and guarantor - including the scope of the guarantee, conditions for liability, and the duration of the guarantor's obligations. The document is registered with the Residential Tenancies Board (RTB) and includes necessary provisions for rent payment, property maintenance, dispute resolution, and termination procedures.

Suggested Sections

1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor

2. Background: Explains the context of the agreement, including the Landlord's ownership of the property and the Tenant's desire to rent it with a Guarantor's support

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

4. Term and Possession: Specifies the duration of the tenancy and conditions for possession

5. Rent and Payment Terms: Details the rent amount, payment schedule, and method of payment

6. Deposit: Specifies deposit amount, terms of holding, and conditions for return

7. Tenant Obligations: Lists all responsibilities and obligations of the tenant during the tenancy

8. Landlord Obligations: Outlines the landlord's duties and responsibilities under the agreement

9. Guarantor Obligations: Defines the scope and extent of the guarantor's liability and responsibilities

10. Termination Provisions: Specifies conditions and procedures for ending the tenancy

11. Insurance Requirements: Details required insurance coverage for both landlord and tenant

12. Notices: Specifies how and where formal notices should be served to all parties

13. Governing Law: Confirms the agreement is governed by Irish law and subject to Irish courts' jurisdiction

14. Execution: Signature blocks for all parties with witness provisions

Optional Sections

1. Break Clause: Optional provision allowing early termination under specific conditions

2. Rent Review: Include when the lease term is longer than one year to allow for rent adjustments

3. Multiple Occupancy: Required when more than one tenant will occupy the property

4. Pet Provisions: Include when pets are allowed in the property

5. Utility Provisions: Detailed section about utility responsibilities when arrangements are complex

6. Rental Pressure Zone Provisions: Required if the property is located in a Rental Pressure Zone

7. Limited Guarantee Period: Include when the guarantee is time-limited rather than for the full term

8. Guarantor Replacement: Procedures for replacing the guarantor if needed during the term

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including boundaries and included fixtures/fittings

2. Schedule 2 - Inventory and Condition Report: Detailed inventory of furnishings and condition of property at commencement

3. Schedule 3 - House Rules: Any specific rules or regulations for the property or development

4. Schedule 4 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates

5. Schedule 5 - Guarantor Financial Information: Required financial information and proof of guarantor's ability to meet obligations

6. Appendix A - RTB Rights and Obligations: Standard information about rights and obligations under Irish tenancy law

7. Appendix B - Energy Performance Certificate: Required energy performance information for the property

8. Appendix C - Safety Certificates: Copies of relevant safety certificates for the property

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Residential Housing

Student Accommodation

Legal Services

Property Investment

Property Development

Housing Associations

Education (Student Housing)

Banking and Finance

Relevant Teams

Legal

Property Management

Residential Lettings

Compliance

Operations

Student Housing

Contract Administration

Risk Management

Customer Relations

Document Control

Relevant Roles

Property Manager

Leasing Agent

Real Estate Attorney

Housing Officer

Tenancy Relations Officer

Student Accommodation Manager

Estate Agent

Legal Counsel

Compliance Officer

Property Administrator

Residential Lettings Manager

Housing Director

Tenant Liaison Officer

Contract Administrator

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Let's create your Guarantor Lease Agreement

Authors

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