This professionally drafted Deed of Suretyship and Co-Principal Debtor Agreement was prepared for the practical use of landlords and rental agents in South Africa.
The document ensures that a surety (guarantor) becomes jointly liable with the tenant for the obligations of the lease. This provides landlords with an additional layer of financial protection should the tenant fail to meet their responsibilities.
The template covers key protections including rental obligations, damages, legal costs and enforcement rights, while also clearly defining the maximum liability of the surety (up to 12 months’ rental).
If a surety is applicable, this easy-to-use template must be completed and signed together with a residential lease agreement to strengthen the landlord’s legal position and improve recovery prospects if the tenant defaults.
✔ Suitable for South African residential leases
✔ Professionally drafted legal structure
✔ Editable template for landlords and agents