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1. Parties: Identification of all parties: Guarantor, Landlord (beneficiary of guarantee), and Tenant (primary debtor)
2. Background: Brief context of the rental agreement and reason for guarantee
3. Definitions: Key terms used in the document, including 'Guaranteed Obligations', 'Rental Agreement', and 'Guarantee Period'
4. Guarantee Declaration: Formal declaration of guarantee in accordance with BGB § 766, specifying the scope and nature of the guarantee
5. Extent of Liability: Clear specification of the maximum amount guaranteed and which obligations are covered
6. Duration of Guarantee: Term of the guarantee, including start date and conditions for termination
7. Guarantor's Obligations: Detailed description of when and how the guarantor must perform
8. Notices: Requirements for any notifications between parties
9. Applicable Law: Confirmation of German law application and jurisdiction
10. Signatures: Execution block complying with German formal requirements
1. Financial Disclosure: Section for guarantor's financial information, recommended when required by landlord for assessment of guarantor's creditworthiness
2. Release Conditions: Specific conditions under which the guarantor may be released from obligations, useful for fixed-term guarantees
3. Multiple Guarantors: Additional provisions for cases with more than one guarantor, specifying joint and several liability
4. Consumer Protection Notice: Required when the guarantor is acting as a consumer, including mandatory warnings and cooling-off periods
5. Assignment and Transfer: Provisions regarding the transfer of guarantee rights, relevant for properties that may be sold
1. Schedule 1: Rental Agreement Details: Copy or key details of the underlying rental agreement being guaranteed
2. Schedule 2: Guaranteed Amount Calculation: Breakdown of the maximum guaranteed amount, including rent, deposits, and other charges
3. Schedule 3: Guarantor's Financial Statement: Optional schedule containing guarantor's financial information and creditworthiness assessment
4. Appendix A: Identity Documents: Copies of identification documents for all parties as required for verification
Is a rental guarantor form legally binding under German law?
Do I need a lawyer to create a rental guarantor form in Germany?
Can a landlord reject my rental application if I don't provide a guarantor form?
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