Common use of GUARANTOR’S OBLIGATIONS Clause in Contracts

GUARANTOR’S OBLIGATIONS. 8.1 The Guarantor guarantees to the Landlord to ensure that the Tenant obeys all the terms of this tenancy agreement. The Guarantor further agrees to indemnify the Landlord against any loss they might suffer as a result of letting the Property to the Tenant. 8.2 The Guarantor’s obligations are joint and several with those of the Tenant and where the Guarantor comprises of more than one person their obligations are joint and several with one another save to the extent that those obligations are specifically limited by the guarantee agreement. 8.3 The guarantee persists notwithstanding any extension, renewal or variation of the tenancy, including any increase in rent and continues so long as one or more of the persons who originally comprised the Tenant remain in the Property. 8.4 The Guarantor’s liability is not reduced or eliminated by any waiver or leniency granted to the Tenant by the Landlord. 8.5 The Guarantor must sign a separate Guarantor Form constituting a tripartite agreement between all parties before it is signed by the Tenant.