Model Lease Guaranty - Joshua Stein PLLC

The Practical real Estate Lawyer | 29 Should I stay or should I go? The monthly decision process of an uncreditworthy tenant, as immortalized by The INTRODUCTIONWhen an owner of commercial real property ( Landlord ) signs a Lease with a space tenant ( Tenant ), Landlord will care a lot about Tenant s creditworthiness. If Tenant doesn t have strong credit, Landlord will have to hold its breath at least 12 times a year to see if Tenant has decided to stay, go or even try to stay but not pay rent. To bring more certainty to its cash flow, Landlord will often de-mand that someone more creditworthy than Tenant guar-anty Tenant s obligations. The Guaranty could cover all Tenant obligations under the Lease (a full Guaranty ), or just some of them (a partial Guaranty ), or just Tenant s obligations until Tenant surrenders the premises without a fight and pays rent until then (a good guy Guaranty ).

Whe n an owner of commercial real property (“Landlord”) signs a lease with a space tenant (“Tenant”), Landlord will care a lot about Tenant’s creditworthiness.

Tags:

  Model, Commercial, Real, Lease, Guaranty, Model lease guaranty, Commercial real

Information

Related search queries