Deed of guarantee - full liability
Use one of the templates to create a deed of guarantee where a guarantor is required for an assured shorthold tenancy (AST). A copy of the unsigned tenancy agreement should be attached. If the guarantor does not receive a copy of the tenancy agreement that they are guaranteeing, the guarantee may not be enforceable. It may be prudent to ask the guarantor to initial each page of the tenancy agreement.
The deed of guarantee for full liability allows the landlord to pursue each person forming the guarantee for all the costs and liabilities outstanding.
The deed of guarantee for limited liability allows the landlord to pursue each person forming the guarantor for a percentage of the costs and liabilities outstanding.
These document templates are maintained by Paul Walshe of Awdry Bailey & Douglas.
Disclaimer
Users of this document are responsible for forming their own view as to whether this document and its contents are suitable for use in any particular circumstances. The supply of this document does not constitute legal or other professional advice, nor does it constitute any opinion or recommendation as to how any person should conduct their business, or whether any person should or should not enter into any form of contract. Users should, if appropriate, consult their professional advisers as to any such matter. No warranty, express or implied, is given in respect of this document and neither RICS nor the authors shall be liable for any loss or damage of any kind arising directly or indirectly from the use or misuse of this document, or from any reliance on it by any person, except to the extent that exclusion of such liability is prohibited by law.
- File type: DOCX
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