Australian Capital Territory Current Acts

RESIDENTIAL TENANCIES ACT 1997 - SECT 102

In this Act:

"commercial guarantee", in relation to a residential tenancy agreement, means a contract or arrangement between the lessor, the tenant and a third party—

        (a)     that is in addition to or in place of a bond; and

        (b)     under which the third party, for a fee, benefit or reward, gives a guarantee or indemnity to the lessor for the performance of the tenant's obligations under the residential tenancy agreement.

"standard guarantee" contract means a form of contract for a commercial guarantee.