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Personal Guarantee Rental Agreement Template for Ireland

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Key Requirements PROMPT example:

Personal Guarantee Rental Agreement

"I need a Personal Guarantee Rental Agreement under Irish law for a student accommodation property in Dublin, where the tenant's parents will act as joint guarantors, with the guarantee period starting from January 2025."

Document background
The Personal Guarantee Rental Agreement is essential in situations where additional security is required beyond a standard rental agreement under Irish law. It is commonly used for student lettings, first-time renters, or situations where the tenant's credit history or financial standing alone may not satisfy the landlord's requirements. The document details the guarantor's obligations, including the scope of financial responsibility, duration of the guarantee, and enforcement mechanisms. It must comply with Irish property law, particularly the Residential Tenancies Acts 2004-2021 and the Land and Conveyancing Law Reform Act 2009. The agreement protects landlords' interests while clearly defining the guarantor's responsibilities and limitations of liability.
Suggested Sections

1. Parties: Identifies the Landlord, Tenant(s), and Guarantor(s) with their full legal names and addresses

2. Background: Sets out the context of the rental agreement and the need for the guarantee

3. Definitions: Defines key terms used throughout the agreement including 'Guaranteed Obligations', 'Property', 'Rental Agreement', and 'Term'

4. Scope of Guarantee: Details the exact obligations being guaranteed, including rent, property damage, and other tenant obligations

5. Duration of Guarantee: Specifies the time period for which the guarantee remains valid and any continuation or termination provisions

6. Guarantor's Obligations: Lists specific responsibilities and commitments of the guarantor, including payment obligations and timing

7. Enforcement and Remedy: Explains the landlord's rights to enforce the guarantee and available remedies for breach

8. Independent Obligation: Confirms that the guarantee is independent of the tenant's obligations and survives tenant insolvency

9. Landlord's Rights: Details the landlord's rights regarding guarantee enforcement and dealings with the tenant

10. Notices: Specifies how and where formal notices must be served between parties

11. Governing Law and Jurisdiction: Confirms Irish law governs the agreement and specifies jurisdiction for disputes

12. Execution: Signature blocks for all parties with witness requirements

Optional Sections

1. Joint and Several Liability: Required when there are multiple guarantors to establish their joint and several liability

2. Guarantee Limit: Optional cap on the guarantor's liability, if agreed between parties

3. Guarantor's Right of Revocation: Can be included if parties agree to allow the guarantor to terminate the guarantee under specific conditions

4. Step-in Rights: Optional clause allowing guarantor to take over tenant's position in certain circumstances

5. Guarantor Representations: Additional section for commercial guarantors confirming their authority and financial capacity

6. Data Protection: Required if personal data processing goes beyond basic contract performance requirements

Suggested Schedules

1. Schedule 1 - Property Details: Detailed description of the rental property and any included fixtures/fittings

2. Schedule 2 - Rental Agreement: Copy or key terms of the underlying rental agreement being guaranteed

3. Schedule 3 - Guaranteed Amounts: Breakdown of the specific monetary obligations being guaranteed

4. Appendix A - Guarantor Financial Statement: Optional appendix containing guarantor's statement of means or financial capacity

5. Appendix B - Guarantee Enforcement Procedure: Detailed procedure for landlord to follow when enforcing the guarantee

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 Housing

Student Accommodation

Commercial Property

Legal Services

Property Investment

Housing Associations

Relevant Teams

Legal

Real Estate

Property Management

Compliance

Risk Management

Operations

Tenant Relations

Contract Administration

Property Services

Relevant Roles

Property Manager

Leasing Agent

Real Estate Attorney

Legal Counsel

Housing Officer

Tenancy Relations Officer

Contracts Manager

Property Administrator

Compliance Officer

Risk Manager

Real Estate Portfolio Manager

Letting Agent

Property Director

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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