Surety agreement and guarantor
Acting as guarantor for someone else's loan or rent? With Contractik you create a surety agreement on your phone, with the type of surety, amount and how long it applies.
Suitable for
- Surety as for own debt (proprieborgen) or simple surety (subsidiary liability)
- Surety for private loans or for renting a home or premises
What the agreement contains
- Guarantor and creditor: name, personal identity number or company registration number, address, phone and email
- Type of surety
- Debtor's name and personal identity number
- Description of the debt or loan
- Amount limit and how long the surety applies
- Whether the guarantor may terminate the commitment
- Other terms and agreements
- General terms (see below)
- Signatures
Linked to the loan or lease
The surety agreement can be created on its own, or linked to a private loan or a lease for a home or premises. The details are then already filled in.
Sign in person or remotely
Both sign directly on the phone, send a signing link by email, or print the agreement and sign on paper. Someone who receives a link does not need the app.
General terms included+
These are the terms included in the Contractik agreement. "Above" refers to the details you fill in in the agreement.
- The guarantor undertakes to be liable for the debtor's debt as stated above, up to the amount limit stated above (if specified).
- If surety as for own debt (proprieborgen) is stated above, the creditor may claim the full amount directly from the guarantor without first demanding payment from the debtor.
- If simple surety is stated above, the creditor may not claim payment from the guarantor until all legal means of collecting the debt from the debtor, including enforcement attempts, have been exhausted.
- If the guarantor is forced to pay the debtor's debt, the guarantor obtains a right of recourse against the debtor for the amount paid.
- The surety applies until the end date stated above, or otherwise indefinitely.
- If a right to terminate the surety is stated above, the guarantor may terminate it in writing for future debts. Liability for debt already incurred remains.
- The surety is accessory to the underlying debt and lapses if the principal claim becomes time-barred or otherwise ceases to apply.
- The limitation period for the surety is ten years under the Swedish Limitations Act (1981:130), unless a shorter period applies by law.
- The agreement is governed by Swedish law.
Looking for a free template?
Contractik is not a PDF template that you download and fill in by hand. You fill in the details in the app and get a finished, signed agreement as a PDF. Try it free for 14 days.