Ƶ

All Countries
Banking
Lease Guaranty Agreement

Lease Guaranty 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 Lease Guaranty 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:

Lease Guaranty Agreement

"I need a Lease Guaranty Agreement under Saudi law for a commercial warehouse in Riyadh, where a parent company will guarantee their subsidiary's lease obligations starting March 2025, with specific step-in rights if the subsidiary defaults."

Celebrated by
Collaborations with
Investors
Document background
The Lease Guaranty Agreement is a crucial document in Saudi Arabian real estate transactions, providing landlords with additional security for their rental properties. This agreement becomes necessary when a landlord requires extra assurance beyond the tenant's own covenant, particularly in high-value commercial leases or when dealing with new or unestablished tenants. The document, governed by Saudi law and Sharia principles, establishes a legally binding commitment from a guarantor to fulfill the tenant's obligations under the lease if the tenant fails to do so. The agreement typically includes detailed provisions about the scope of the guarantee, enforcement mechanisms, and the guarantor's obligations, while ensuring compliance with local regulations including the Ejar system requirements.
Suggested Sections

1. Parties: Identification of all parties involved: Guarantor(s), Landlord, and Tenant

2. Background: Context of the guarantee, including reference to the main lease agreement

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

4. Guarantee and Indemnity: Core provisions detailing the guarantee obligations and scope of indemnity

5. Extent of Guarantee: Specific details of what obligations are covered by the guarantee

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

7. Guarantor's Obligations: Detailed list of the guarantor's specific obligations and responsibilities

8. Enforcement: Conditions and process for enforcing the guarantee

9. Representations and Warranties: Guarantor's confirmations regarding capacity and authority

10. Payment Terms: Details of how and when payments must be made under the guarantee

11. Notices: Process and requirements for formal communications between parties

12. Governing Law and Jurisdiction: Confirmation of Saudi law application and jurisdiction

Optional Sections

1. Multiple Guarantors: Additional provisions for cases involving more than one guarantor, including joint and several liability

2. Security: Additional security provisions if the guarantee is secured against specific assets

3. Step-In Rights: Provisions allowing the guarantor to take over the lease in certain circumstances

4. Currency Provisions: Required for international guarantors or cross-border transactions

5. Assignment: Provisions regarding the transfer of guarantee rights and obligations

6. Sharia Compliance Declaration: Explicit confirmation of compliance with Sharia principles, often required by certain institutions

Suggested Schedules

1. Schedule 1 - Lease Agreement Details: Copy or key details of the underlying lease agreement

2. Schedule 2 - Property Description: Detailed description of the leased property

3. Schedule 3 - Guaranteed Obligations: Itemized list of the specific obligations being guaranteed

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

5. Schedule 5 - Security Details: Details of any security provided (if applicable)

6. Appendix A - Required Documents: List of supporting documents required from the guarantor

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

Commercial Property

Retail

Industrial

Hospitality

Office Space

Residential Property

Shopping Centers

Warehousing

Manufacturing

Relevant Teams

Legal

Real Estate

Compliance

Risk Management

Operations

Finance

Property Management

Facilities Management

Commercial

Asset Management

Relevant Roles

Real Estate Manager

Property Manager

Legal Counsel

Contract Manager

Facilities Manager

Commercial Director

Risk Manager

Compliance Officer

Real Estate Director

Leasing Manager

Asset Manager

Chief Financial Officer

Operations 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

Guarantor Agreement For Residential Lettings

A Saudi Arabian law-governed agreement where a guarantor undertakes to secure a tenant's obligations under a residential lease agreement.

find out more

Rent Guarantor Form

A Saudi Arabian legal document where a third party guarantees a tenant's rental obligations under local law and Sharia principles.

find out more

Tenancy Agreement With Guarantor

A Saudi Arabian law-governed rental agreement between landlord and tenant, backed by a guarantor's guarantee, incorporating local legal requirements and Sharia principles.

find out more

Lease Guaranty Agreement

A Saudi Arabian law-compliant agreement where a third party guarantees a tenant's lease obligations to a landlord.

find out more

Personal Guarantee Form

A Sharia-compliant Personal Guarantee Form under Saudi Arabian law where an individual guarantees the financial obligations of another party.

find out more

Guaranty Form

A Sharia-compliant guarantee agreement under Saudi Arabian law where one party guarantees the obligations or debts of another party to a beneficiary.

find out more

Loan Guarantor Agreement

A Saudi Arabian law-governed agreement where a Guarantor secures the obligations of a Principal Debtor to a Beneficiary, structured to comply with both commercial law and Sharia principles.

find out more

Guarantor Lease Agreement

A Saudi Arabian lease agreement that includes a third-party guarantor's commitment to secure the tenant's obligations, structured in compliance with Shariah law and local 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.

Read our Privacy Policy.