Deed of guarantee

This document is a free-standing deed of guarantee.

Ordinarily, a guarantee of a lease will be given at the grant of the lease (in which case the guarantee will normally be included as part of the lease), or on the assignment of the lease (in which case the guarantee will normally be included as part of the licence to assign, or it will be an authorised guarantee).

However, for those who prefer to keep the deed of guarantee separate from the licence to assign, this deed may be used. The covenants on the part of the guarantor in this deed are identical to those contained in the Property PSL licence to assign, which themselves are based on the guarantee covenants used in Property PSL leases.

Before using this precedent document, it is advisable to read the detailed drafting notes relating to the guarantee provisions included in all Property PSL leases. These can be found with the Property PSL lease of whole (office).

An identical copy version, with text form fields (TFF), is included below.