Sample Property Preservation Guarantee Letter
Date: [Insert Date]
To: [Insert Name of Recipient]
Re: Property Preservation Guarantee
Dear [Insert Name of Recipient],
We, [Insert Name of Guarantor], hereby provide this Property Preservation Guarantee to assure the preservation and protection of the following property: [Insert Description of Property].
The purpose of this guarantee is to ensure that the property in question remains secure and well-maintained during its duration. We understand and acknowledge our responsibility to preserve and protect the property from any damage, theft, or negligence.
Terms and Conditions:
1. Duration: This guarantee shall remain in effect for a period of [Insert Duration] commencing from the date mentioned above.
2. Maintenance: We undertake to maintain the property in good condition and repair any damages that may occur during the guarantee period, excluding normal wear and tear.
3. Insurance: We will maintain adequate insurance coverage on the property throughout the guarantee period to protect against any unforeseen events or accidents.
4. Inspection: We agree to allow regular inspections by the owner or authorized representatives to ensure compliance with this guarantee.
5. Indemnification: In case of any loss, damage, or liability incurred to the property while under this guarantee, we shall be responsible for providing full indemnification to the owner for all costs associated with such incidents.
6. Termination: This guarantee may be terminated by either party by providing written notice at least [Insert Notice Period] days prior to termination.
In affixing our signatures below, we confirm our commitment to this Property Preservation Guarantee and assure you of our fullest cooperation and dedication in upholding its terms and conditions.
Guarantor's Information:
[Insert Name of Guarantor]
[Insert Address]
[Insert Contact Information]
Owner's Information:
[Insert Name of Owner]
[Insert Address]
[Insert Contact Information]
Sincerely,
[Insert Name and Title of Guarantor]
