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Guarantor Rental Agreement

Guarantor Rental Agreement Template for Philippines

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Key Requirements PROMPT example:

Guarantor Rental Agreement

"I need a Guarantor Rental Agreement for my commercial property in Makati City, Philippines, where a corporate tenant requires their parent company to act as guarantor for a 5-year lease starting March 1, 2025, with an annual rent of 2.4M PHP."

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Document background
The Guarantor Rental Agreement is a crucial legal document used in the Philippine real estate market when a property owner requires additional financial security beyond the standard security deposit. This document is particularly common in situations involving student rentals, first-time renters, or tenants with limited credit history. The agreement is structured in accordance with Philippine Civil Code provisions on lease and guaranty, incorporating requirements from the Rent Control Act and relevant local regulations. It comprehensively outlines the property details, rental terms, tenant obligations, and the specific scope of the guarantor's liability. The document serves to protect all parties' interests by clearly defining their roles, responsibilities, and remedies in case of default, while ensuring compliance with Philippine property and contract law.
Suggested Sections

1. Parties: Identifies the Landlord, Tenant, and Guarantor with their complete legal names and addresses

2. Background: Explains the context of the agreement, including the intent to lease the property and the requirement for a guarantor

3. Definitions: Defines key terms used throughout the agreement

4. Property Details: Detailed description of the rental property and any included fixtures and fittings

5. Lease Terms: Specifies the duration of the lease, rent amount, payment terms, and security deposit requirements

6. Tenant Obligations: Lists all responsibilities and obligations of the tenant

7. Guarantor's Covenant: Details the guarantor's obligations and extent of liability

8. Limits of Guarantee: Specifies the duration and financial limits of the guarantee

9. Landlord's Obligations: Outlines the responsibilities and obligations of the landlord

10. Default and Remedies: Describes what constitutes default and the available remedies for all parties

11. Termination: Conditions and procedures for terminating the agreement

12. Notices: Specifies how formal communications between parties should be made

13. Governing Law: Confirms Philippine law as governing law and jurisdiction

14. Execution: Signature blocks for all three parties

Optional Sections

1. Utilities and Services: Details responsibility for utility payments and services - include when utilities are not covered in the rent

2. Insurance Requirements: Specifies insurance obligations - include when specific insurance coverage is required

3. Subletting Provisions: Rules regarding subletting - include when subletting might be permitted

4. Maintenance and Repairs: Detailed maintenance responsibilities - include when there are specific maintenance arrangements

5. Property Management: Details about property management - include when a property manager is involved

6. Joint and Several Liability: Include when there are multiple tenants or guarantors

7. Force Majeure: Include when parties want specific provisions for unforeseen circumstances

8. Alternative Dispute Resolution: Include when parties prefer specific dispute resolution procedures

Suggested Schedules

1. Schedule 1 - Property Inventory: Detailed inventory of furniture, fixtures, and fittings in the property

2. Schedule 2 - Property Condition Report: Detailed description of the property's condition at the start of the lease

3. Schedule 3 - Payment Schedule: Detailed breakdown of rent payments, security deposit, and other fees

4. Schedule 4 - House Rules: Specific rules and regulations for the property

5. Appendix A - Guarantor's Financial Information: Required financial documentation from the guarantor

6. Appendix B - Property Documentation: Copies of relevant property certificates and permits

7. Appendix C - Utility Agreements: Details of utility arrangements and account numbers

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

Commercial Property

Student Housing

Corporate Housing

Retail

Hospitality

Legal Services

Property Investment

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Risk Management

Compliance

Operations

Tenant Relations

Contract Administration

Asset Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Housing Officer

Tenant Relations Manager

Property Administrator

Contracts Manager

Compliance Officer

Risk Manager

Facilities Manager

Asset Manager

Student Housing Coordinator

Corporate Housing Manager

Real Estate Investment Manager

Industries






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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