Deposit Deed, Waiver Letter and Guarantees

In many commercial lease arrangements, landlords require a rent deposit or third party guarantee or both.  These Deposit Deed, Waiver Letter and Guarantees can be used where a landlord wants to put arrangements in place providing more financial security that the rent will be paid, and help mitigate the risk of financial loss due to non-payment of rent or other breaches of the lease agreement.  

The rent deposit deed sets out how much has been paid by way of a rent deposit and the circumstances in which the landlord may use the deposit. It records (amongst other things) where the deposit will be placed, the grant by the tenant of a charge over the deposit and the procedure for the landlord to withdraw money.  There is also a waiver letter providing the current tenant with a concession but which a landlord would not wish to apply to a subsequent tenant.  This could be used if say the rent is payable quarterly in advance but the landlord has agreed that the current tenant can pay monthly.   There is also a guarantor deed whereby the guarantor indemnifies the landlord if the tenant defaults on paying the rent.

The documents are constructed in Word format, and can be customised to meet your requirements. Please click on the links below to access the documents.

For use in England and Wales only

• Rent Deposit Deed for Commercial Property
• Side Letter Waiving a Provision of the Lease
• Deed of Guarantee and Indemnity for Business Lease (Individual Guarantor)
• Deed of Guarantee and Indemnity for Business Lease (Corporate Guarantor)
• Guidance on Excluding Security of Tenure

Deposit Deed, Waiver Letter and Guarantees is part of Property . Just £35.00 + VAT provides unlimited downloads from Property for 1 year.