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1. Parties: Identification of all parties: the Guarantor, the Tenant (Principal Debtor), and the Landlord (Creditor), including their complete legal names and addresses
2. Background: Brief context explaining the rental agreement being guaranteed and the purpose of the guarantee
3. Definitions: Key terms used in the document, including 'Guaranteed Obligations', 'Rental Agreement', 'Property', and 'Guarantee Period'
4. Scope of Guarantee: Detailed description of the obligations being guaranteed, including rent payments, utility bills, property damage, and other tenant obligations
5. Guarantor's Obligations: Specific commitments and responsibilities of the guarantor, including payment obligations and timing
6. Duration of Guarantee: Term of the guarantee, including start date and end date or conditions for termination
7. Representations and Warranties: Guarantor's declarations regarding their financial capacity and authority to enter into the guarantee
8. Enforcement: Procedures and conditions under which the guarantee can be enforced by the landlord
9. Execution: Signature blocks for all parties and notarial section
1. Joint and Several Liability: Required when there are multiple guarantors, specifying their joint and several liability
2. Financial Disclosure: Optional section for guarantor to declare their financial status and assets, used in high-value rental agreements
3. Early Termination Rights: Optional provisions for circumstances under which the guarantor may be released from obligations
4. Notice Requirements: Detailed procedures for communications between parties, important for formal arrangements
5. Dispute Resolution: Optional section specifying mediation or arbitration procedures before court action
1. Schedule A - Rental Agreement Details: Copy or key details of the underlying rental agreement being guaranteed
2. Schedule B - Guaranteed Amounts: Detailed breakdown of the monetary obligations being guaranteed
3. Schedule C - Property Details: Description and details of the rental property
4. Appendix 1 - Guarantor's Financial Statement: Optional appendix containing guarantor's financial information and proof of capacity
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