Ƶ

Guarantee Rental Agreement Template for Saudi Arabia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Guarantee Rental Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Guarantee Rental Agreement

"I need a Guarantee Rental Agreement for our Saudi subsidiary acting as corporate guarantor for multiple retail tenants across our shopping mall properties, with the guarantee period starting January 2025 and including step-in rights for the guarantor."

Document background
The Guarantee Rental Agreement is a crucial document in Saudi Arabian real estate transactions, providing security for landlords while facilitating rental arrangements for tenants who may require additional financial backing. This document is commonly used when a tenant's creditworthiness needs to be supplemented, such as in commercial leases, residential rentals for expatriates, or new business ventures. The agreement must strictly comply with Saudi Arabian law and Shariah principles, which prohibit uncertainty (Gharar) and usury (Riba). The guarantee structure supports various rental arrangements while providing clear enforcement mechanisms through Saudi courts. The document typically includes detailed provisions about the guaranteed obligations, enforcement procedures, and the specific circumstances under which the guarantee can be called upon, all within the framework of Saudi legal requirements and local commercial practices.
Suggested Sections

1. Parties: Identification of all parties: Landlord, Tenant, and Guarantor, including full legal names and contact details

2. Background: Context of the agreement, reference to the main rental agreement, and purpose of the guarantee

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

4. Guarantee: Core terms of the guarantee, including scope, duration, and limitations

5. Guarantor's Obligations: Detailed description of what the guarantor is responsible for, including payment obligations and performance guarantees

6. Nature of Guarantee: Specifies whether the guarantee is continuing, irrevocable, and/or unconditional

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

8. Payment Terms: Specifics about when and how the guarantor must fulfill financial obligations

9. Enforcement: Rights of the landlord to enforce the guarantee and procedures for doing so

10. Notices: Requirements and procedures for formal communications between parties

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction for disputes

Optional Sections

1. Multiple Guarantors: Required when there is more than one guarantor, defining joint and several liability

2. Corporate Guarantor Provisions: Required when the guarantor is a company, including corporate authority and representations

3. Islamic Finance Compliance: Detailed provisions ensuring compliance with Shariah principles, particularly relevant for institutional arrangements

4. Currency Provisions: Required when rental payments are in a currency other than Saudi Riyals

5. Step-In Rights: Optional provisions allowing the guarantor to take over the lease in certain circumstances

6. Guarantee Limit: When the guarantee is capped at a specific amount rather than being unlimited

Suggested Schedules

1. Schedule 1 - The Property: Detailed description of the rental property, including address and any specific inclusions/exclusions

2. Schedule 2 - The Rental Agreement: Copy or key terms of the underlying rental agreement being guaranteed

3. Schedule 3 - Guaranteed Obligations: Itemized list of all obligations covered by the guarantee

4. Schedule 4 - Form of Demand: Template for making a demand under the guarantee

5. Appendix A - Required Documents: List of documents required from the guarantor, such as ID documents or corporate authorizations

6. Appendix B - Payment Schedule: If applicable, schedule of guaranteed rental payments and due dates

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

Relevant legal definitions





























Clauses




























Relevant Industries

Real Estate

Commercial Property

Residential Property

Retail

Industrial

Hospitality

Office Space

Shopping Centers

Warehousing

Educational Institutions

Healthcare Facilities

Banking and Financial Services

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Property Management

Facilities Management

Contract Administration

Finance

Asset Management

Operations

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Leasing Manager

Tenant Relations Manager

Risk Manager

Commercial Director

Facilities Manager

Asset Manager

Compliance Officer

Contract Administrator

Real Estate Director

Chief Financial Officer

Property 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

Find the exact document you need

Guaranty Of Lease Agreement

A Saudi Arabian law-compliant agreement where a guarantor secures a tenant's lease obligations, incorporating both civil and Sharia law requirements.

find out more

Performance Guarantee Agreement

A Saudi law-governed agreement where a Guarantor provides assurance of a Principal's performance obligations to a Beneficiary, structured in compliance with Sharia principles.

find out more

Performance Bond Agreement

A Saudi Arabia-governed guarantee agreement where a bank ensures a contractor's performance of contractual obligations to a project owner.

find out more

Loan Guarantee Agreement

A Saudi Arabian law-governed agreement where a Guarantor secures the payment obligations of a Principal Debtor to a Lender, structured in compliance with Shariah principles.

find out more

Lease Guarantee Agreement

A Saudi Arabian law-governed agreement where a guarantor undertakes to fulfill a tenant's lease obligations in case of default, structured in compliance with Sharia principles.

find out more

Guarantee Rental Agreement

A Saudi Arabian law-compliant agreement where a guarantor secures a tenant's rental obligations under Shariah principles.

find out more

Guarantor Contract

A Saudi Arabian law-governed guarantee agreement where a guarantor assumes responsibility for another party's obligations, structured in compliance with Sharia principles.

find out more

Loan Guarantee Form

A Sharia-compliant guarantee agreement under Saudi Arabian law where a guarantor secures the loan obligations of a borrower to a lender.

find out more

Guarantor Tenancy Agreement

A Saudi Arabian law-governed agreement establishing a tenancy arrangement with guarantor provisions, compliant with Sharia principles and local regulations.

find out more

Rent Guarantee Agreement

A Sharia-compliant guarantee agreement under Saudi Arabian law where a guarantor secures a tenant's rental obligations to a landlord.

find out more

Loan Personal Guarantee Form

A Sharia-compliant personal guarantee agreement under Saudi Arabian law, establishing a guarantor's commitment to secure a third party's loan obligations.

find out more

Investment Guarantee Agreement

A Saudi Arabian law-governed agreement establishing investment protection terms and guarantees for investors while ensuring compliance with local regulations and Sharia principles.

find out more

Guarantee And Indemnity Agreement

A Saudi Arabian law-governed guarantee agreement providing Sharia-compliant security for commercial obligations.

find out more

Contract Of Indemnity And Guarantee

A Saudi Arabian law-governed agreement establishing guarantee and indemnity obligations between parties, structured in compliance with Shariah principles and local commercial regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.