Guarantee Agreement — Word & PDF Template

This guarantee agreement template lets an individual guarantor promise to meet another party’s obligations — such as a loan, lease or trade debt — if that party defaults. It covers the guaranteed obligations, a cap on liability, demand and payment, indemnity and the recommendation to take independent advice, for lenders, landlords and businesses in England and Wales.

Who is this template for?

It suits lenders and creditors taking a personal guarantee, landlords requiring a guarantor for a tenant, suppliers securing trade credit, and individuals or directors who are being asked to guarantee an obligation.

What does the template include?

The agreement is organised into clear, numbered clauses:

• Parties — identifies the guarantor and the beneficiary.
• Guaranteed Obligations — the obligations being guaranteed.
• Cap on Liability — a maximum amount you fill in, which limits the guarantor’s liability.
• Nature of the Guarantee — how the guarantee operates.
• Demand and Payment — how a claim is made and paid.
• Continuing Guarantee — that the guarantee covers ongoing obligations.
• Indemnity — a supporting indemnity from the guarantor.
• Subrogation — the guarantor’s rights after paying.
• Independent Legal Advice — the creditor’s recommendation to take advice, with tick boxes recording whether it was taken.
• Termination — how the guarantee ends.
• Governing Law — confirms England and Wales law applies.
• Signatures — the guarantor signs as a deed in front of a witness, with a signing block for the creditor.

Easy to customise

The template opens in Microsoft Word, Google Docs and LibreOffice. Fill in the highlighted fields, set the guaranteed obligations and any cap, tick the relevant options and edit any clause to suit your arrangement.

Format and scope

Download instantly as an editable Word (.docx) file and a print-friendly PDF, formatted to A4. Written in plain British English with light, general references to England and Wales law on guarantees.