The Lease Guaranty Agreement is a critical document in Malaysian property transactions, commonly used when landlords require additional security beyond the tenant's covenant. This document becomes particularly relevant in commercial leases, corporate tenancies, or situations where the tenant's financial standing alone may not satisfy the landlord's requirements. The agreement, governed by Malaysian law, particularly the Contracts Act 1950 and related property legislation, establishes the guarantor's obligations to step in and fulfill the tenant's responsibilities if they default on their lease obligations. The document typically includes detailed provisions about the scope of the guarantee, enforcement procedures, and the circumstances triggering the guarantor's obligations. It serves as an essential risk management tool in property leasing, providing landlords with additional security while facilitating lease arrangements that might otherwise not be possible.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identifies the Landlord (beneficiary of the guarantee), Tenant (primary debtor), and Guarantor
2. Background: Sets out the context of the guarantee, including details of the underlying lease agreement and the purpose of the guarantee
3. Definitions: Defines key terms used throughout the agreement including 'Guaranteed Obligations', 'Lease', and 'Term'
4. Guarantee and Indemnity: Core section detailing the scope of the guarantee and indemnity obligations
5. Duration of Guarantee: Specifies the time period for which the guarantee remains valid and enforceable
6. Nature of Guarantee: Establishes that the guarantee is continuing, irrevocable, and unconditional
7. Guarantor's Obligations: Details specific obligations and responsibilities of the guarantor
8. Preservation of Rights: Protects the landlord's rights in various circumstances including tenant's insolvency
9. Representations and Warranties: Guarantor's confirmations regarding their capacity and authority to enter into the guarantee
10. Notices: Specifies how formal communications between parties should be made
11. Governing Law and Jurisdiction: Confirms Malaysian law as governing law and specifies jurisdiction for disputes
1. Corporate Guarantor Provisions: Additional provisions specific to corporate guarantors, including board resolutions and financial covenants
2. Joint and Several Liability: Required when there are multiple guarantors to establish their joint and several liability
3. Security Provisions: When additional security is provided alongside the guarantee
4. Assignment and Transfer: Provisions regarding the ability to assign or transfer rights under the guarantee
5. Costs and Expenses: Detailed provisions about who bears the costs of preparing and enforcing the guarantee
6. Limitation of Liability: Where parties agree to cap the guarantor's liability or exclude certain obligations
1. Schedule 1 - The Lease: Copy or key details of the underlying lease agreement
2. Schedule 2 - Guaranteed Obligations: Detailed list of the specific obligations being guaranteed
3. Schedule 3 - Form of Demand: Template for making formal demands under the guarantee
4. Appendix A - Corporate Authority Documents: Where applicable, corporate resolutions and authorizations for corporate guarantors
Find the exact document you need
Personal Guaranty Form
A Malaysian law-governed document establishing a guarantor's legal commitment to fulfill a debtor's financial obligations in case of default.
Download
Guarantor For A Tenancy Agreement
A Malaysian law-compliant agreement where a guarantor assumes responsibility for a tenant's obligations under a tenancy agreement in case of default.
Download
Guarantee For Rental Agreement
A Malaysian law-governed guarantee document securing tenant obligations under a rental agreement, establishing the guarantor's responsibilities and enforcement provisions.
Download
Parent Guarantee Agreement
A Malaysian law-governed agreement where a parent company guarantees the obligations of its subsidiary to a third party beneficiary.
Download
Lease Guaranty Agreement
A Malaysian law-governed agreement where a guarantor commits to fulfill a tenant's lease obligations in case of default.
Download
Guaranty Form
A Malaysian law-governed document where a guarantor undertakes to fulfill another party's obligations or debt if they default.
Download
Lease Guarantor Form
A Malaysian law-compliant document where a guarantor assumes responsibility for a tenant's lease obligations in case of default.
Download
Guarantor Contract
A Malaysian law-governed agreement where a Guarantor assumes responsibility for another party's financial obligations to a Creditor.
Download
Guarantor Indemnity Agreement
A Malaysian law-governed agreement combining guarantee and indemnity provisions, where a guarantor secures the obligations of a principal debtor to a creditor.
Download
Loan Guarantor Agreement
A Malaysian law-governed agreement where a Guarantor assumes responsibility for another party's loan obligations to a Lender.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it