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The Guarantor Lease Agreement is essential in UAE real estate transactions where additional security is required beyond standard lease arrangements. This document is particularly relevant when tenants require or landlords demand extra financial security for lease obligations, common in both commercial and residential contexts. The agreement combines standard lease provisions with specific guarantee clauses, ensuring compliance with UAE Civil Code (Federal Law No. 5 of 1985) and relevant emirate-specific regulations. It's frequently used for high-value commercial leases, residential properties where tenants have limited credit history, or situations where corporate entities guarantee subsidiary or employee leases. The document includes comprehensive details about the property, lease terms, guarantor's obligations, enforcement mechanisms, and specific provisions required by UAE law, including RERA regulations where applicable.

1. Parties: Identifies all parties: Landlord, Tenant, and Guarantor, including full legal names, addresses, and identification details as required by UAE law

2. Background: Explains the context of the agreement, including the landlord's ownership of the property and the tenant's desire to lease it with guarantor support

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

4. Property Details: Comprehensive description of the leased property, including address, size, and permitted use

5. Lease Term: Specifies the duration of the lease, including start and end dates, and any renewal options

6. Rent and Payment Terms: Details the rent amount, payment schedule, method of payment, and late payment consequences

7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for return

8. Guarantor's Obligations: Details the scope and extent of the guarantor's responsibilities and financial obligations

9. Guarantee Terms: Specific terms of the guarantee, including duration, limitations, and conditions for enforcement

10. Tenant's Obligations: Lists all tenant responsibilities including maintenance, repairs, and use restrictions

11. Landlord's Obligations: Outlines the landlord's duties and responsibilities under the lease

12. Insurance Requirements: Specifies required insurance coverage for both tenant and guarantor

13. Default and Remedies: Describes events of default and available remedies for all parties

14. Termination: Conditions and procedures for early termination of the lease or guarantee

15. Governing Law and Jurisdiction: Specifies UAE law as governing law and relevant emirate's courts' jurisdiction

16. Notices: Procedures for giving legal notices between parties

17. Execution: Signature blocks for all parties and witness requirements