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Personal or Corporate Guarantee
NextGen Docs form ND-1129. Search ND-1129 on docs.ngz.ca to make this document again.
A person or company promises to pay if a borrower, tenant or customer does not. Includes the Alberta notary certificate rule.
Start this document $2.99 or in the monthly planHow it works
What you will fill in
- Who is giving the guarantee?
- Guarantor: full name and address
- Whose debt is guaranteed?
- Who receives the guarantee?
- What is guaranteed?
- Maximum amount guaranteed ($)
- Does it cover future debts too (continuing guarantee)?
- Which province's laws apply?
- Date of this guarantee
Good to know
- Alberta: a personal guarantee by an individual has no effect unless the guarantor appears before a lawyer and the lawyer signs the certificate required by the Guarantees Acknowledgment Act. It does not apply to a corporate guarantee.
- Ask for a dollar limit and an end date. Ask to be released when the borrower's debt is paid down.
- Never sign a guarantee you do not understand. You can be sued for the whole debt without the lender first suing the borrower.
Help in your language
Every question comes with help like this. For example, “Who is giving the guarantee?”:
English: A personal guarantee puts your own house and savings at risk if the borrower does not pay.
اردو: ضمانت کون دے رہا ہے؟
ਪੰਜਾਬੀ: ਗਾਰੰਟੀ ਕੌਣ ਦੇ ਰਿਹਾ ਹੈ?
हिन्दी: गारंटी कौन दे रहा है?
Français: Une garantie personnelle met votre maison et vos économies en jeu si l'emprunteur ne paie pas.
Questions people ask
How much does the Personal or Corporate Guarantee cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Personal or Corporate Guarantee in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.