GUARANTOR’S DECLARATION Clause Samples
The Guarantor’s Declaration clause formally states that a guarantor agrees to be responsible for fulfilling certain obligations if the primary party fails to do so. Typically, this clause outlines the guarantor’s commitment to cover debts, payments, or performance requirements under a contract, and may specify the scope and limitations of the guarantor’s liability. Its core function is to provide assurance to the other party that obligations will be met, thereby reducing the risk of non-performance or default.
GUARANTOR’S DECLARATION. 4.1 By signing this agreement the Guarantor acknowledges that the Guarantor has had the opportunity to read the Standard Terms and Conditions of Residence 2021/22 and is aware that the said terms and conditions will form part of the Tenancy Agreement. The remaining terms of the Tenancy Agreement are determined according to the selections made by the Applicant during the Booking Process, and are summarised in the table at clause 1 of this agreement.
4.2 The Guarantor confirms to the best of the Guarantor’s knowledge and belief that the information the Guarantor has provided in and with this agreement is true, accurate and complete and is not misleading.
4.3 The Guarantor is aware that this agreement is intended to be legally binding and has had the opportunity to take independent legal advice before signing.
GUARANTOR’S DECLARATION. 9.1.1 Guarantor is a legally established and validly existing independent civil subject, has all the essential civil rights and civil capacity required, and is able to sign the contract in its own name and perform the civil liability of the contract.
9.1.2 The guarantor’s signing the contract and fulfilling the obligation of the contract is totally out of true intention, and in accordance with company’s regulation; the signature personal representative of the guarantor has got all the essential legal authorization and violates no regulation and laws.
9.1.3 The fulfillment and enforcement of the contract will not conflict any laws and regulations that the guarantor must abide, neither will it violate any paper that the guarantor has signed.
9.1.4 The guarantor does not hide any events involved that may endanger the loaner’s interests such as regulation, arbitration, litigation, enforcement, claims event and others. Any of the guarantor’s property is under the situation of attachment, seizure, freezing, and other enforcement measures.
9.1.5 All the data and certificating papers provided by the guarantor to the loaner are authentic, legal and effective.