Fully compensate the Landlord for any loss, damage, costs or other expenses arising either directly or indirectly out of any breach of the Agreement.

The Guarantee shall continue throughout the period that the Property are occupied by the Tenant or any licensee and is not limited to the term specified in the Agreement. This Guarantee will continue throughout the Tenancy or any extension renewal or re-grant continuation of the Agreement whether for a further fixed term or periodic tenancy and whether it is created by agreement between the Landlord & the Tenant or by operation of law or otherwise.

The Guarantor will also be liable for any increase in rent agreed between the Landlord or any person acting on his behalf and the Tenant in accordance with the provisions of Clause 2 of this Agreement of Guarantee. If the rent is increased by any other means the Guarantor must be notified prior to the Landlord and the Tenant entering into any extension document or subsequent tenancy or the service of any notice under section 13 of the Housing Act 1988.

The Guarantor’s liability is joint and several with the Tenant. This means that each will be responsible for complying with the Tenant’s obligations under this Agreement both individually and together; and the Guarantor’s liability will not be discharged or affected by any act, neglect, leniency, other concession or time given to the Tenant by the Landlord endeavouring to obtain payment; or in the enforcement of the Tenant’s obligations under the Agreement.

This Guarantee shall not be revocable by the Guarantor nor will it be rendered unenforceable by the Guarantor’s death or bankruptcy.

If the Guarantor is a company, the Guarantor’s liability shall continue if the company changes ownership, alters the name of the Guarantor, or is amalgamated with any other Company or organisation throughout the period that the Property is occupied by the Tenant or any licensee and is not limited to the term specified in the Agreement.

If the Tenant defaults during the initial Term or any extension or renewal of the Agreement; or in the event of the Tenant being declared bankrupt; and the Tenant’s Trustee in Bankruptcy elects to disclaim the Tenancy; then on demand the Guarantor will indemnify the Landlord against all losses, claims, liabilities, costs and expenses arising out of or in connection with that default or disclaimer; or incurred by the Landlord in connection with the default or disclaimer.

If the Tenant surrenders any part of the Property to the Landlord and the Landlord accepts that partial surrender the Guarantor’s liability will continue in respect of the part not surrendered.  Any liability accrued at the date of surrender will stand.

The Guarantor will pay any and all reasonable costs incurred by the Landlord in enforcing this Guarantee and the terms of the Agreement or any extension renewal or re-grant continuation of the Agreement, whether for a further fixed term or periodic tenancy, and whether it is created by agreement between the Landlord & the Tenant or by operation of law or otherwise.

The Guarantor accepts all these obligations and duties imposed upon him as Guarantor.