Document background
The Lease Guaranty Form is a critical document used in Dutch lease transactions where additional security is required beyond the basic lease agreement. This document is typically employed when a lessor requires extra assurance of payment and performance from a third party (guarantor) regarding a lessee's obligations. The guarantee may be provided by a bank, corporate entity, or individual, depending on the circumstances and requirements of the transaction. The form must comply with Dutch Civil Code provisions regarding both lease and guarantee agreements, particularly Books 6 and 7. It is commonly used in commercial real estate transactions, corporate leasing arrangements, and situations where the lessee's financial standing alone may not satisfy the lessor's requirements. The document includes detailed provisions about the scope of the guarantee, enforcement mechanisms, and the specific obligations being guaranteed.
