The Personal Guarantee Rental Agreement is a specialized legal instrument used in South African property transactions where additional security is required beyond a standard lease agreement. This document is typically employed when a landlord seeks extra assurance of rental payment and lease obligation fulfillment, particularly in cases involving first-time tenants, students, or tenants with limited credit history. The agreement combines elements of both rental law and guarantee provisions, ensuring compliance with the Rental Housing Act 50 of 1999 and the National Credit Act 34 of 2005. It establishes a three-way legal relationship between landlord, tenant, and guarantor, with the guarantor assuming financial responsibility if the tenant defaults on their obligations. The document is structured to protect all parties' interests while providing clear enforcement mechanisms within the South African legal system.
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 of your docs
1. Parties: Identifies and provides full details of the Landlord, Tenant, and Guarantor
2. Background: Explains the context of the rental agreement and the need for a personal guarantee
3. Definitions: Defines key terms used throughout the agreement
4. Primary Lease Terms: Summarizes the main terms of the underlying lease agreement including rental amount, duration, and property details
5. Guarantee Obligations: Details the extent and nature of the guarantee, including the guarantor's specific obligations
6. Duration of Guarantee: Specifies how long the guarantee remains in effect
7. Payment Terms: Outlines when and how the guarantor must make payments if the tenant defaults
8. Default Provisions: Describes what constitutes a default and the consequences thereof
9. Guarantor's Warranties: Statements and promises made by the guarantor regarding their financial status and ability to pay
10. Landlord's Rights and Remedies: Sets out the landlord's rights in case of default and methods of enforcement
11. Notices: Specifies how formal communications between parties should be made
12. Governing Law: Confirms South African law governs the agreement
13. Dispute Resolution: Describes the process for resolving disputes between parties
14. General Provisions: Standard contractual terms including severability, entire agreement, and amendments
1. Joint and Several Liability: Used when there are multiple guarantors who need to be jointly and severally liable
2. Limit of Guarantee: Include when the guarantee is to be capped at a specific amount
3. Early Termination Rights: Include when the guarantor has the right to terminate the guarantee under specific circumstances
4. Property Maintenance Obligations: Used when guarantor also guarantees tenant's obligations regarding property maintenance
5. Additional Security: Include when additional forms of security (such as deposits) are provided alongside the guarantee
6. Change of Parties: Include when there's a possibility of the landlord or tenant changing during the lease period
7. Insurance Requirements: Used when specific insurance obligations are being guaranteed
1. Schedule A - Property Description: Detailed description of the rental property including address and inventory
2. Schedule B - Rental Payment Schedule: Detailed breakdown of rent amounts, due dates, and escalation terms
3. Schedule C - Guarantor's Financial Information: Financial statements or proof of income of the guarantor
4. Schedule D - Original Lease Agreement: Copy of the main lease agreement being guaranteed
5. Appendix 1 - Condition Report: Detailed report of the property's condition at the start of the lease
6. Appendix 2 - Proof of Identity: Copies of identity documents for all parties
Find the exact document you need
Guarantor Agreement
A South African law-governed agreement where a Guarantor commits to fulfill a Principal Debtor's obligations to a Creditor if the Principal Debtor defaults.
Download
Guarantor Agreement For Rental Property
A South African legal document where a guarantor assumes responsibility for a tenant's rental obligations if the tenant defaults.
Download
Personal Guarantee Rental Agreement
A South African law-governed agreement combining rental terms with a personal guarantee for lease obligations.
Download
Personal Guarantee Lease Agreement
A South African legal document combining a lease agreement with a personal guarantee provision, ensuring additional security for landlords through third-party guarantee commitments.
Download
Limited Guarantee Agreement
A South African law-governed agreement where a guarantor provides a capped guarantee for another party's obligations to a creditor.
Download
Joint Guarantee Agreement
A South African law-governed agreement where multiple parties jointly guarantee the obligations of a principal debtor, establishing joint and several liability among guarantors.
Download
Guarantee Rental Agreement
A South African law-compliant agreement where a guarantor secures a tenant's rental obligations to a landlord.
Download
Guarantor Tenancy Agreement
A South African law-compliant agreement establishing a residential tenancy with guarantor security provisions, combining rental terms with guarantor obligations.
Download
Rent Guarantee Agreement
A South African law-governed agreement where a guarantor commits to fulfilling a tenant's rental obligations in case of default.
Download
Guarantee And Indemnity Agreement
South African law-governed agreement establishing guarantee and indemnity obligations to secure a principal debtor's obligations to a beneficiary.
Download
Personal Guarantee Promissory Note
A South African law-governed financial instrument combining a personal guarantee with a promissory note, creating both a primary payment obligation and a guarantee for another party's debt.
Download
Personal Guarantee Letter
A South African law-governed document where an individual personally guarantees to fulfill another party's financial obligations in case of default.
Download
Guarantor Lease Agreement
A South African legal agreement where a guarantor assumes responsibility for a tenant's lease obligations under local property and consumer protection laws.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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
.png)