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Rent Guarantee Agreement

Rent Guarantee Agreement Template for Singapore

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Key Requirements PROMPT example:

Rent Guarantee Agreement

"I need a Rent Guarantee Agreement under Singapore law for a corporate guarantor backing a tech startup's office lease, with a guarantee limit of SGD 500,000 and a term starting March 2025."

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Document background
The Rent Guarantee Agreement is commonly used in Singapore's property rental market to provide additional security for landlords. It becomes particularly relevant when tenants have limited credit history or when dealing with high-value commercial leases. The agreement typically includes detailed provisions about the scope of the guarantee, payment terms, and enforcement mechanisms. Under Singapore law, these agreements must be in writing and clearly specify the guaranteed obligations, requiring careful consideration of the Civil Law Act and related property legislation.
Suggested Sections

1. Parties: Identification of guarantor, landlord, and tenant with their full legal names and addresses

2. Background: Context of the rental agreement and explanation of why the guarantee is required

3. Definitions: Key terms used throughout the agreement including 'Guaranteed Obligations', 'Tenancy Agreement', etc.

4. Guarantee and Indemnity: Core obligations of the guarantor including scope of guarantee and indemnification provisions

5. Duration: Term of the guarantee, including start date and conditions for termination

6. Guarantor's Obligations: Detailed list of guarantor's duties, payment obligations, and compliance requirements

7. Enforcement: Mechanisms and procedures for enforcing the guarantee, including notice requirements

Optional Sections

1. Corporate Authority: Required when guarantor is a company, including corporate authorizations and board resolutions

2. Multiple Guarantors: Provisions for joint and several liability when more than one guarantor is involved

3. Foreign Currency Provisions: Exchange rate provisions and payment terms for international transactions

Suggested Schedules

1. Schedule 1 - Tenancy Agreement: Copy of the underlying tenancy agreement being guaranteed

2. Schedule 2 - Guaranteed Obligations: Detailed list of obligations covered by the guarantee, including payment schedules

3. Schedule 3 - Guarantor's Details: Full particulars of guarantor including relevant financial information and contact details

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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






















Industries

Civil Law Act (Cap. 43): Primary legislation governing contracts and guarantees in Singapore, including requirements for written contracts

Conveyancing and Law of Property Act (Cap. 61): Regulates property transactions and related legal matters in Singapore

Residential Property Act (Cap. 274): Governs residential property ownership and related transactions in Singapore

Monetary Authority of Singapore Act (Cap. 186): Relevant when the guarantor is a financial institution, governing banking and financial services

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and protects parties from unreasonable contract provisions

Consumer Protection (Fair Trading) Act: Provides consumer protection measures and ensures fair trading practices

Stamp Duties Act (Cap. 312): Governs the stamping requirements and duties payable for guarantee documents

Contract Formation Requirements: Legal requirements including capacity of parties, consideration, clear terms, and valid offer and acceptance

Guarantee-Specific Requirements: Specific legal requirements for guarantees including written form, defined obligations, duration, liability limits, and termination conditions

Banking Regulations: Regulatory requirements for financial institutions including anti-money laundering provisions when involved in guarantees

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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