Real estate works with housing contracts, space rental contracts, sublease agreements, colocation contracts and many others. If tenants sign a lease, often for 12 months` rent, they enter into a binding agreement. As soon as something valuable is exchanged between the interested parties, an agreement becomes mandatory. The same is true outside the business world. A guarantee agreement is a promise to assume the financial responsibility of another person in the event of a delay in a debt. Use this template for collateral arrangements to outline the guarantor`s responsibilities in case a borrower fails to repay their debts.. . .