Deed of Guarantee Sample


DEED  OF  GUARANTEE

By THIS DEED dated the …………. day of …., 20… A AND B of P.O. Box ………….(hereinafter called “the Guarantor”) HEREBY firmly binds himself to XYZ BANK (hereinafter called “the Lender”) as hereunder:

IN CONSIDERATION of the Lender granting to C AND D of P.O. Box ……………(hereinafter called “the Borrower”) a loan facility of an unspecified amount to be repaid within the time limit more specifically specified in the Loan Agreement between the Lender and the Borrower,

the Guarantor HEREBY MORTGAGES his property comprised in ALL THAT piece or parcel of land known as Plot No…….Block……….. for the Lender to hold the said property as security for repayment of the said loan.

IN WITNESS WHEREOF the Guarantor has set his hand hereunto and signed these presents the day, month, and year hereinafter appearing.

SIGNED and DELIVERED by the said       )
A AND B who is known to                              )
me personally/identified to me by …………. )
…………………………………………………… )                     _____________________
the latter being known to me personally in )
my presence this ……………….. day of   )
……..………………………, 20..                         )

Signature: ……………….……….……..………

Postal Address: …………………….……..….…

Qualification: COMMISSIONER  FOR  OATHS

See also:

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Isack Kimaro

Editor-in-chief and founder of sherianajamii.com. Holder of Bachelor of Laws (LL.B) from Mzumbe University and Post Graduate Diploma in Legal Practice from the Law school of Tanzania. Lawyer by profession and blogger by passion.

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