Self-help templates
Guarantee Agreement (Personal Guarantee for a Debt)
For a person who guarantees another's debt or rent: the secured obligation, limit, duration and what the guarantor owes.
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How to use it
- When: a person or company (the Guarantor) promises a lender or creditor (the Creditor) that they will pay a debt of another (the Debtor) if the Debtor does not.
- Fill in everything in [square brackets] and delete the options you do not use. Describe the debt exactly (agreement, amount, date) and limit the amount and the time.
- Guarantors: do not sign what you do not understand. Ask for a maximum amount and an end date, and for the right to be told if the Debtor falls behind.
- Form: write it down and have all parties sign, one copy for each. Some countries require a notary or the guarantor's own handwriting for the amount.
- Not for: security over property (a mortgage or pledge), a guarantee given by a bank, or a promise to pay one's own debt.
What is inside
- Art. 1. The debt guaranteed
- Art. 2. The guarantee
- Art. 3. Duration
- Art. 4. Payment on demand
- Art. 5. Information and changes
- Art. 6. Defences
- Art. 7. The DEBTOR's duties
- Art. 8. Ending the guarantee
- Art. 9. Notices, law and disputes
- Art. 10. Final provisions
- Notes on the clauses and a checklist of what to check under your country's law
Also in the bundle: Money between people (19 €)
What these templates are not
- They are self-help templates, not legal advice, and they do not replace a lawyer.
- Laws differ from country to country, and some rules cannot be changed by contract. Each template ends with a checklist of what to check where you live.
- For a high-value or unusual situation, ask a local lawyer or notary to look at the final text.
TheLawToKnow Tools. Self-help template. Not legal advice. Check the law currently in force. Written with the help of AI tools and reviewed by a lawyer-author.