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Personal Guarantee Rental Agreement Template for United Arab Emirates

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Key Requirements PROMPT example:

Personal Guarantee Rental Agreement

"I need a Personal Guarantee Rental Agreement for a commercial warehouse in Dubai Industrial City, with two company directors as joint guarantors, starting March 1, 2025, with quarterly rent payments and specific provisions for heavy machinery installation."

Document background
The Personal Guarantee Rental Agreement is utilized in the UAE when a landlord requires additional security beyond a standard security deposit for a rental arrangement. This document is particularly relevant when dealing with new tenants, commercial leases, or high-value properties where the landlord seeks extra protection against default. The agreement combines standard rental terms with a personal guarantee component, complying with UAE Civil Code requirements and relevant emirate-specific regulations. It typically includes detailed provisions about the property, rental terms, guarantee scope, enforcement mechanisms, and the specific obligations of all parties involved. The document is structured to be enforceable under UAE law and includes necessary provisions for both the rental relationship and the guarantee obligations.
Suggested Sections

1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor including names, addresses, and identification numbers

2. Background: Explains the context of the rental agreement and the requirement for a personal guarantee

3. Definitions: Defines key terms used throughout the agreement including Property, Rental Period, Rent, Security Deposit

4. Property Details: Detailed description of the rental property including address, size, and permitted use

5. Rental Terms: Specifies rent amount, payment schedule, duration of lease, and renewal terms

6. Guarantee Provisions: Details the scope and extent of the guarantee, including the guarantor's obligations and liability limits

7. Tenant's Obligations: Lists all responsibilities and obligations of the tenant under the rental agreement

8. Guarantor's Representations: Guarantor's confirmations regarding financial capacity and understanding of obligations

9. Enforcement: Procedures for enforcing the guarantee, including notice requirements and payment terms

10. Default and Remedies: Consequences of default by either tenant or guarantor and available remedies

11. Termination: Conditions and procedures for terminating the guarantee and/or rental agreement

12. Governing Law and Jurisdiction: Confirms UAE law governance and jurisdiction for disputes

13. Notices: Specifies how formal communications between parties should be made

14. Execution: Signature blocks and execution requirements for all parties

Optional Sections

1. Property Maintenance: Include when specific maintenance responsibilities need to be allocated between landlord and tenant

2. Insurance Requirements: Include when specific insurance coverage is required from tenant or guarantor

3. Subletting Provisions: Include if subletting is to be permitted under specific conditions

4. Guarantee Limit: Include when the guarantee is to be capped at a specific amount

5. Multiple Guarantors: Include when there is more than one guarantor, specifying joint and several liability

6. Property Management: Include when a property management company is involved

7. Renewal Terms: Include when specific provisions for lease renewal need to be detailed

8. Force Majeure: Include when specific unforeseen circumstances need to be addressed

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property including floor plans and photographs

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments, due dates, and payment methods

3. Schedule 3 - Inventory List: List of furnishings and fixtures included in the rental property

4. Schedule 4 - Condition Report: Detailed report on the condition of the property at the start of the tenancy

5. Schedule 5 - Guarantor's Financial Statement: Summary of guarantor's financial position (if required)

6. Appendix A - Required Documents: Copies of identification documents, trade licenses, or other required documentation

7. Appendix B - Property Rules and Regulations: Building or community rules applicable to the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































Clauses



































Relevant Industries

Real Estate

Property Management

Residential Property

Commercial Property

Retail

Hospitality

Office Space

Industrial Property

Banking and Finance

Legal Services

Relevant Teams

Legal

Real Estate

Property Management

Contracts Administration

Risk Management

Operations

Compliance

Asset Management

Facilities Management

Leasing

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Contracts Manager

Leasing Manager

Asset Manager

Facilities Manager

Risk Manager

Commercial Director

Operations Manager

Compliance Officer

Property Administrator

Real Estate Agent

Tenant Relations 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

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