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Deed Of Guarantee For Tenancy
"I need a Deed of Guarantee for Tenancy for my commercial property in Singapore, where the tenant is a new startup company and their director will act as personal guarantor for a 3-year lease starting January 2025."
1. Parties: Details of the Guarantor, Landlord, and Tenant
2. Background: Context of the tenancy agreement and need for guarantee
3. Definitions: Key terms used throughout the deed
4. Guarantee and Indemnity: Core obligations of the guarantor
5. Duration of Guarantee: Period for which the guarantee remains valid
6. Guarantor's Obligations: Specific responsibilities and commitments of the guarantor
7. Execution: Formal signing requirements and witness details
1. Joint and Several Liability: Required when multiple guarantors are involved in the guarantee deed
2. Foreign Currency Provisions: Provisions for handling payments in foreign currency when dealing with international tenants
3. Corporate Guarantor Provisions: Additional provisions specific to cases where the guarantor is a company rather than an individual
1. Schedule 1 - Principal Tenancy Agreement: Copy or details of the main tenancy agreement being guaranteed
2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations covered by the guarantee
3. Appendix A - Property Details: Specific details of the property under tenancy
4. Appendix B - Guarantor's Personal Information: Required personal or corporate information of the guarantor
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