Document background
The Commercial Lease Guaranty Form is an essential document in Australian commercial property transactions, typically required when a landlord seeks additional security beyond the tenant's covenant. This document is commonly used when leasing to new businesses, companies with limited trading history, or where the tenant's financial strength alone is insufficient to secure the lease. The guarantee provides the landlord with recourse against a third party (usually company directors, parent companies, or financially stable associates) if the tenant defaults on their lease obligations. The form must comply with Australian property law, contract law, and relevant state-specific legislation, particularly regarding formal requirements for property-related guarantees and consumer protection provisions.
