Alberta Guarantees Acknowledgement Act Certificate

Obtain a guarantee to ensure repayment of a mortgage loan to a corporation with this package of mortgage guarantee forms for Alberta.

• The guarantee is an unconditional guarantee from a principal of the corporation who agrees to repay the principal, interest and all other sums owing under the mortgage if the corporate mortgagor defaults.
• The guarantor's liability will be to the same extent as if the guarantor was primarily liable under the mortgage security, and not just as a surety.
• The package also includes a set of corporate resolutions to be passed by the shareholders and directors of the corporate guarantor, authorizing the corporation to give the guarantee.
• This package of Mortgage Guarantee forms is intended to be used in the Province of Alberta, Canada.

Obtain a personal guarantee from the principals of a corporate borrower with this Guarantee and Postponement of Claim for Alberta, Canada.

Purpose of Guarantee and Postponement

The Guarantee would be given by a director, shareholder, or sole proprietor of the corporation as security to guarantee repayment of the corporate borrower's indebtedness to a lender if the borrower defaults in paying back the debt.

The guarantor also agrees that any debts owed by the borrower to the guarantor will be postponed to the debts owed to the lender, and the lender's claims would take priority.

Who Can Use this Guarantee Template

The Guarantee and Postponement of Claim can be used by any company that lends money or extends credit to customers in Alberta.

What is Included in the Template Form

The template includes the form of acknowledgement required by the Guarantees Acknowledgement Act (Alberta). It also includes an affidavit of execution.

Format and Jurisdiction

The Guarantee and Postponement of Claim form is available in MS Word format. It is customizable and reusable.

This document is intended for use only in the Province of Alberta, Canada.

Don't wait for a business tenant to default on its lease obligations. Get a personal guarantee from the owners with this Guarantee of Commercial Lease form for Alberta landlords.

• The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or other person with a financial interest in the tenant.
• The guarantee is unconditional and continuing.
• A guarantee of this type is typically required by the landlord prior to signing the lease.
• The guarantor agrees to pay all rent and other amounts due under the lease if the lessee defaults, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
• This is a downloadable form in MS Word format.
• This legal document is solely for use in the Province of Alberta, Canada.