GUARANTOR AGREEMENT FOR A TENANCY
Date: 2 April 2026
Related tenancy dated 1 April 2026 for Flat 602, Homeland Heights, Sector 70, SAS Nagar, Punjab between Rajiv Khanna, of House 214, Sector 8-B, Chandigarh, and Amanpreet Singh, of House 88, Phase 7, SAS Nagar, Punjab. Landlord mobile: +91 XXXXX XXXXX. Tenant mobile: +91 XXXXX XXXXX..
- 1. Guarantor
The guarantor is Vikram Singh, of House 19, Sector 16, Chandigarh, mobile +91 XXXXX XXXXX.
- 2. Guarantee
The Guarantor guarantees: Rent, documented tenant dues and tenant-caused damage under the identified tenancy. The maximum contractual exposure under this guarantee is ₹3,00,000 (Rupees Three Lakh only). The guarantee ends on 2 April 2026, subject to claims arising from obligations that fell due before that date and were notified within the ordinary reconciliation process.
This is a secondary payment/security obligation connected to the identified tenancy. It does not make the Guarantor an occupier or tenant and does not give the Guarantor possession rights.
- 3. Demand and proof
A demand should identify the amount claimed, the tenancy obligation said to be unpaid or breached, and the supporting rent ledger, bill, inspection record or other reasonable evidence. A due guaranteed amount is payable within 7 days after a compliant written demand.
- 4. Changes to tenancy
Variation rule: A material increase in term, rent or guaranteed exposure requires the guarantor’s written consent. A replacement tenancy, extension, substantial rent increase outside the disclosed escalation, or expansion of guaranteed obligations should not silently enlarge the Guarantor’s exposure beyond the selected rule.
- 5. Possession remedies remain separate
This guarantee secures payment/defined loss only. It does not authorise the Guarantor or Landlord to evict, exclude or seize property. Possession is governed by the tenancy and the competent Punjab or Chandigarh rent-law process.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data appearing in this document is collected for the specific purpose of administer and enforce the limited tenancy guarantee and communicate with the guarantor, communicating about it, and maintaining the resulting legal or operational record. The data may be shown to the owner, tenant, authorised property manager or consultant involved in the transaction, and to a verification or professional service provider specifically instructed for that purpose.
If the transaction does not proceed, application-stage personal data will be retained for 90 days from the decision or withdrawal. If the transaction proceeds, the document record will be retained for the term of the tenancy or transaction, plus 12 months. Data collected only to verify identity at one moment should be destroyed after verification, retaining only the fact and date of verification.