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Rent Guarantor Form

Rent Guarantor Form Template for Austria

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Key Requirements PROMPT example:

Rent Guarantor Form

"I need a Rent Guarantor Form under Austrian law for a high-end commercial property in Vienna, where multiple guarantors will jointly guarantee a 5-year lease starting March 2025, with a maximum liability cap of 鈧500,000."

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Document background
The Rent Guarantor Form is a crucial document in Austrian rental arrangements where additional security is required beyond a standard rental deposit. This document is commonly used when landlords seek extra assurance regarding a tenant's ability to meet their rental obligations, particularly in cases involving students, first-time renters, or tenants with limited credit history. The form, compliant with Austrian legal requirements including the ABGB and Mietrechtsgesetz, establishes a legally binding commitment from a third party (guarantor) to cover rental payments and other specified obligations if the primary tenant defaults. It includes detailed information about all parties involved, the scope of the guarantee, maximum liability, duration, and enforcement procedures. The document is essential for protecting landlords' interests while ensuring clear terms for guarantors regarding their potential obligations.
Suggested Sections

1. Parties: Identification of all parties: Landlord (creditor), Tenant (primary debtor), and Guarantor, including full legal names and addresses

2. Background: Brief context about the underlying rental agreement and the need for a guarantee

3. Definitions: Key terms used in the agreement, including 'Guaranteed Obligations', 'Property', 'Rental Agreement', etc.

4. Scope of Guarantee: Clear definition of what obligations are being guaranteed, including rent, utilities, damages, etc.

5. Duration of Guarantee: The term of the guarantee, whether it's fixed-term or continuing

6. Guarantor's Obligations: Detailed description of the guarantor's responsibilities and the extent of liability

7. Enforcement: Conditions under which the guarantee can be enforced and the process for doing so

8. Notices: How and where notices should be served to all parties

9. Governing Law: Confirmation that Austrian law governs the agreement

10. Signatures: Execution block for all parties, including date and place of signing

Optional Sections

1. Maximum Liability Cap: Section limiting the guarantor's maximum liability (recommended when dealing with consumer guarantors)

2. Multiple Guarantors: Additional provisions required when there is more than one guarantor, defining whether liability is joint and several

3. Release Conditions: Specific conditions under which the guarantor may be released from their obligations

4. Bank Account Details: Payment information section if regular payments are anticipated

5. Property Management: Additional provisions if a property management company is involved in the rental arrangement

Suggested Schedules

1. Schedule 1 - Rental Agreement: Copy or key terms of the underlying rental agreement being guaranteed

2. Schedule 2 - Property Details: Description of the rental property and its condition

3. Schedule 3 - Payment Schedule: Breakdown of rent and other guaranteed payments

4. Appendix A - Guarantor's Financial Statement: If required, a statement of the guarantor's financial position

5. Appendix B - Proof of Identity: Copies of identification documents for all parties

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions




























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Relevant Industries

Real Estate

Residential Property

Commercial Property

Property Management

Legal Services

Banking & Financial Services

Student Housing

Corporate Housing

Retail Leasing

Relevant Teams

Legal

Real Estate Operations

Property Management

Leasing

Risk Assessment

Compliance

Contract Administration

Housing Administration

Tenant Relations

Document Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Manager

Legal Counsel

Tenancy Administrator

Housing Officer

Risk Assessment Officer

Contract Administrator

Rental Operations Manager

Student Housing Coordinator

Corporate Housing Manager

Compliance Officer

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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