Commercial Lease Guarantor Form for the United Kingdom
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Commercial Lease Guarantor Form
"I need a Commercial Lease Guarantor Form for a parent company guaranteeing a retail tenant's obligations in a shopping center, with step-in rights and a liability cap of £2 million, to commence from March 2025."
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1. Parties: Details of Landlord, Tenant, and Guarantor including full legal names and addresses
2. Background: Context of the guarantee and reference to the main lease agreement
3. Definitions: Key terms used throughout the guarantee including 'Lease', 'Tenant Covenants', 'Guaranteed Obligations'
4. Guarantee and Indemnity: Core obligations of the guarantor including primary guarantee and indemnity provisions
5. Duration: Period of guarantee validity and circumstances affecting its continuation
6. Guarantor's Obligations: Specific duties and responsibilities including payment obligations and performance guarantees
7. Execution: Signature blocks and attestation requirements for all parties
1. Step-in Rights: Optional provisions allowing guarantor to take over lease on tenant default, typically used in high-value commercial leases
2. Limited Liability Provisions: Optional caps or limitations on guarantor's liability, typically included when negotiated with institutional guarantors
3. Corporate Authority: Optional confirmation of corporate power to give guarantee, included when guarantor is a company
1. Schedule 1 - Copy of Lease: Attached copy of the principal lease being guaranteed
2. Schedule 2 - Corporate Authorization: Board resolutions or other corporate approvals when guarantor is a company
3. Schedule 3 - Financial Information: Guarantor's financial statements or proof of means as required by landlord
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