Deed of Guarantee
The Deed of Guarantee is a standalone guarantor deed that sits alongside a tenancy agreement. It makes a guarantor responsible for the tenant obligations, including rent, if the tenant defaults.
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Who it is for
Landlords and letting agents taking a guarantor as security for a tenancy.
What is inside
- The parties to the deed
- Background to the guarantee
- The operative provisions setting out the guarantee and indemnity
- Joint and several liability wording where there is more than one guarantor
- An execution section so it is signed as a deed
When to use it
- A tenant needs a guarantor, for example a student, a first tenancy or on affordability grounds
- You want the guarantee in a separate deed rather than buried in the tenancy
Frequently asked questions
Why use a separate deed rather than a clause in the tenancy?
A guarantee given as a deed is clearer to enforce and keeps the guarantor obligations distinct from the tenancy agreement.
Does the guarantor need their own copy of the tenancy?
Yes. The deed records that the guarantor received the tenancy agreement and had the chance to take independent advice before signing.
Download the Deed of Guarantee
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Please note: these are free templates offered as a starting point, not legal advice. Check each one fits your situation before you use it. UpgradedPM and The Upgrade Authority Ltd accept no liability for how they are used.