Summary duties of a guarantor
To undertake to irrevocably keep the Landlord(s) indemnified and to make good to the Landlord(s) on demand all loss, damage and expenses arising out of the following in connection with the Landlord(s) property:
- Any default by the tenant in payment of rent.
- Any breach or failure to observe or perform any of the covenants terms and conditions of the tenancy agreement.
- Failure on the part of the tenant to give up possession at the end of the tenancy or any continuation or renewal thereof.
Should the tenant vacate the property prior to the end of the agreement period, or any continuation or renewal thereof without giving the proper written notice in accordance with the tenancy agreement, the losses incurred by the Landlord(s) by way of lost rental income until such time as the proper written notice has expired.
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