Skip to main content

e-Sign with PandaDoc

Guarantee Agreement

Image 1

Prepared for:

​[Guarantor.FirstName]​[Guarantor.LastName]​

​[Guarantor.StreetAddress]​

​[Guarantor.City], [Guarantor.PostalCode]

Created by:

​[Landlord.FirstName]​[Landlord.LastName] / [Landlord.Company]​

​[Landlord.StreetAddress]​

​[Landlord.City], [Landlord.PostalCode]

A Guarantee Agreement is a binding contract between a Lender and a third party called a Guarantor. Guarantors are often required when applying for loans, cars, or properties as extra security for the Lender. The agreement ensures that the Lender will continue to receive the required payments should the Borrower or Tenant be unable to pay. In this case, the Guarantor would then be liable for these payments.

Depending on what the guarantee agreement is for, this template can be adapted. If you rent a property, you can remove references to the ‘Borrower,’ ‘Lender,’ and ‘Lease Agreement.’ If you are leasing anything else (for example, a car), you can remove references to the ‘Tenant,’ ‘Landlord,’ and ‘Tenancy Agreement.’

This guarantee agreement has been created on [Document.CreatedDate] between the following parties:

​[Landlord.FirstName]​[Landlord.LastName] / [Landlord.Company]​

​[Landlord.StreetAddress]​

​[Landlord.City], [Landlord.PostalCode]

Hereby known as 'the Landlord' / 'the Lender'

​[Tenant.FirstName]​[Tenant.LastName]​

​[Tenant.StreetAddress]​

​[Tenant.City], [Tenant.PostalCode]

Hereby known as 'the Tenant' / 'the Borrower,' and

​[Guarantor.FirstName]​[Guarantor.LastName]​

​[Guarantor.StreetAddress]​

​[Guarantor.City], [Guarantor.PostalCode]

Hereby known as 'the Guarantor.'

1. The Guarantor will guarantee the Tenant/Borrower in line with the terms and conditions outlined in the Tenancy/Lease Agreement (see attached).

Don’t forget to attach the Agreement this Guarantee refers to.

2. The Guarantor ensures the Tenant/Borrower remains compliant under the obligations of their Tenancy/Lease Agreement with the Landlord/Lender. This includes funding any compensation to be paid to the Landlord/Lender for loss, damage, or renting arrears should the Tenant/Borrower be in breach of their Agreement.

3. This agreement will continue to be in place during the initial Tenancy/Lease Agreement, as well as any renewals or extensions to the fixed term agreed between the Tenant/Borrower and Landlord/Lender.

4. Both the Guarantor and the Tenant/Borrower will be responsible for complying with the terms of conditions of the Tenancy/Lease Agreement. Should the Landlord/Lender seek compensation for loss or damages, this can be against either the Tenant/Borrower, Guarantor, or both parties together.

5. This deed between the Guarantor and the Landlord/Lender will not be cleared or waived for any reason and will remain in place during the whole period of the agreed Tenancy/Lease. The Guarantor will not be released from their liabilities unless the Landlord/Lender provides written notification.

6. This Guarantee Agreement is binding. It shall continue beyond the Guarantor's death or bankruptcy so long as the Tenancy/Lease Agreement is in place.

7. The Guarantor will remain liable for the property/vehicle and obligations stated in the Tenancy/Lease Agreement should the Tenant/Borrower surrender any part of the property/vehicle with written consent from the Landlord/Lender.

8. Should the Landlord/Lender incur any fees and expenses while enforcing this guarantee, the Guarantor will be liable for these costs, regardless of whether court proceedings take place.

9. For multiple Tenants/Borrowers, should one Tenant/Borrower surrender their interest in the property/vehicle, the Guarantee will remain in place as long as at least one Tenant/Borrower remains bound by their original Agreement.

Signed as a deed and delivered by or on behalf of the Landlord/Lender:

Signed as a deed and delivered by:

​

Signature
MM / DD / YYYY

​

Signature
MM / DD / YYYY

​[Landlord.FirstName][Landlord.LastName]​

​[Guarantor.FirstName][Guarantor.LastName] ​

In the presence of:

​

​

​

​

​

Signature
MM / DD / YYYY

​

Signature
MM / DD / YYYY

​[Witness.FirstName]​[Witness.LastName]​

​[Tenant.FirstName][Tenant.LastName]​

If the Lease or Tenancy Agreement requires this Guarantee to be signed in the presence of a Witness, you can include the below section:

Useful resources

Featured Templates
Sales Proposals
NDA Agreements
Operating Agreements
Service Agreements
Sales Documents
Marketing Proposals
Rental and Lease Agreements
Quote Templates
Business Proposals
Agreement Templates
Purchase Agreements
Contract Templates

Guarantee Agreement FAQ

  • To write a guarantee agreement, you need to detail all the responsibilities of the Guarantor, when the agreement begins, and when it can be terminated. Depending on the type of guarantee agreement you’re writing, you may want to include specifics regarding property, rent payments, or debt collection. To make things easier, you can use the PandaDoc Guarantee Agreement to get started.

  • A guarantee agreement is a deed signed by a third party, the Guarantor, to ensure an original agreement between a Lender and a Borrower remains in place. The Guarantor will be held responsible for fees and payments outlined in the agreement, should the Borrower cannot do so. 

  • You might need a guarantee agreement when renting a property or leasing a car. The agreement is signed by a Guarantor, who is usually a close relative or parent of the original Borrower. The agreement is in place to ensure that the Lender still receives their payments if the Borrower triggers a default event where they cannot pay themselves. Guarantee agreements can be ideal for those with bad credit to secure a property, car, or loan. 

  • The purpose of a guarantee agreement is to ensure the Lender never misses out on payment. It serves as an assurance if a Borrower misses a payment or breaches their agreement with the Lender. The Lender can still regain any fees or arrears they are owed through the guarantor.

  • There are three common types of guarantees used between a Lender and a third-party Guarantor. A Retrospective Guaranteeis an agreement in which the Guarantor will become responsible for a debt that is already outstanding. A Prospective Guarantee is the most common guarantee and refers to future debts or transactions (for example, renting a property or leasing a car). Lastly, there’s a Specific Guarantee which is a simple agreement regarding a single debt transaction.

Disclaimer

Materials (e.g. templates, educational articles, blog posts and informational content), made available through PandaDoc, including via any integrations, connectors, extensions, plugins, or third-party AI platforms (e.g. ChatGPT, Claude, or similar tools) are for general information purposes only and are provided "as is." These materials do not constitute legal, regulatory, or compliance advice and should not be construed as such. It is your responsibility to ensure materials meet your specific legal requirements. Consult a qualified attorney licensed in your jurisdiction before relying on these materials. PandaDoc disclaims all warranties, express or implied, including fitness for a particular purpose or non-infringement.

Related templates

Tenancy in Common Agreement

Tenancy in Common Agreement

You can operate this Tenancy in the Common Agreement template whether co-owners have a 50:50 stake, or a various splits. You can furthermore add extra groups should the possessions be held by three or four people or corporations.

Tenants in Common Agreement

Tenants in Common Agreement

An official contract that spells out the terms and conditions of two or more parties who are sharing ownership of a property is known as a Tenants in Common Agreement Template. In this kind of agreement, each participant owns a specific proportion of the property and is free to sell or otherwise dispose of their share of the stake.

Gardening Contract Template

Gardening Contract Template

This gardening contract template may be used by a landscaping company providing gardening services to residential clients.

Real Estate Easement Agreement Template

Real Estate Easement Agreement Template

Forming a real estate easement agreement can be tedious. Download our customizable template to make it easy.

available

e-Sign with PandaDoc

Guarantee Agreement

Used 4,911 times

AI BadgeAI assistant included

A Guarantee Agreement ensures that the Lender will get his money back from Guarantor if Borrower won't be able to pay it back.

Use this template — free
Use this template — free

Care to rate this template?

Your rating will help others.

Rate this template

Thanks for your rate!

Template preview
PandaDoc
TemplatesAgreements
Close
PandaDoc
TemplatesAgreements
Close