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Rental Guarantee Form
I need a Rental Guarantee Form under Danish law for a commercial property in Copenhagen, with a guarantee amount of 100,000 DKK, where my bank will act as guarantor for a 3-year lease starting March 1, 2025.
1. Parties: Identification of the guarantor (typically a bank or financial institution), the beneficiary (landlord), and the principal debtor (tenant)
2. Background: Brief context about the underlying rental agreement and the requirement for this guarantee
3. Definitions: Key terms used in the guarantee form, including 'Rental Agreement', 'Guarantee Amount', 'Property', and 'Guarantee Period'
4. Guarantee Amount: Specific amount of the guarantee, typically expressed in Danish Krone, and confirmation that this represents the maximum liability of the guarantor
5. Scope of Guarantee: Details of what the guarantee covers (e.g., unpaid rent, damages to property, utility bills)
6. Duration: The period for which the guarantee is valid, including start date and any conditions for expiry
7. Conditions for Payment: Specific circumstances and procedures under which the landlord can call upon the guarantee
8. Notice Requirements: Formal requirements for making a claim under the guarantee, including necessary documentation
9. Governing Law and Jurisdiction: Confirmation that Danish law governs the guarantee and specification of jurisdiction for disputes
1. Step-In Rights: Optional section for commercial properties where a third party may have rights to take over the tenant's position
2. Guarantee Reduction Provisions: Terms for reducing the guarantee amount over time, if agreed between parties
3. Multiple Beneficiaries: Required when there are multiple landlords or property managers who may call upon the guarantee
4. Assignment Provisions: Terms regarding the transfer of rights under the guarantee, particularly relevant for commercial properties
5. Counter-Indemnity: Terms regarding the tenant's obligation to indemnify the guarantor, typically used in bank guarantees
6. Special Conditions: Any specific conditions agreed between the parties that deviate from standard guarantee terms
1. Copy of Rental Agreement: The underlying rental agreement referenced in the guarantee
2. Property Description: Detailed description of the rental property covered by the guarantee
3. Claim Form Template: Standard form to be used by the landlord when making a claim under the guarantee
4. Authorization Documents: Any power of attorney or authorization documents if the guarantee is signed by representatives
Authors
Real Estate
Banking & Financial Services
Property Management
Legal Services
Corporate Housing
Residential Property
Commercial Property
Student Housing
Retail Property
Legal
Real Estate
Property Management
Finance
Compliance
Risk Management
Treasury
Housing Administration
Facilities Management
Contract Administration
Property Manager
Real Estate Agent
Legal Counsel
Bank Manager
Leasing Manager
Tenant Relations Manager
Housing Officer
Corporate Housing Manager
Facilities Manager
Risk Manager
Compliance Officer
Contract Administrator
Real Estate Portfolio Manager
Treasury Manager
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