Purpose
The following procedure outlines the conditions for obtaining a Vendor or Purchasers Directors Guarantee.

Procedure
A Vendor Directors guarantee should be used when a property is listed for sale where a company is the
owner of that property. 

Both Directors or a Director and the Secretary should sign the guarantee.  

When the guarantee has been signed, it is necessary to attach a copy of the authority agreement.  It is also “preferable” that the witness to the agreement is not the listing or selling agent.

A Purchasers Directors Guarantee must be considered when a property is purchased by a company.

See Vendor Directors Guarantee Directors Guarantee.doc.