Phrases with «guarantee agreement»

A "guarantee agreement" is a legal promise that someone makes to ensure that something will happen or be paid for. It is like a guarantee or assurance, where a person agrees to take responsibility and provide assistance if the original agreement or promise is not fulfilled. It is a way to offer a backup or insurance for a transaction or obligation. Full definition

Sentences with «guarantee agreement»

  • Successfully recovered the debt owed from the owner through an executed personal guarantee agreement. (rmkb.com)
  • We execute a separate guarantee agreement with each guarantor which references the lease and identifies the charge / tenant for whom they are providing the guarantee. (biggerpockets.com)
  • When presented with a request to permit an assignment the landlord will have an opportunity to consider the credentials of the proposed new tenants, and in all likelihood to require his current tenant to enter into an authorised guarantee agreement (AGA) in accordance with the Landlord and Tenant (Covenants) Act 1995. (newlawjournal.co.uk)
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