This office lease guaranty states that the guarantor unconditionally guarantees to the landlord the full and timely performance and observance of all of the terms, covenants, and conditions of the lease.
Connecticut Full Guaranty
Category:
State:
Multi-State
Control #:
US-OL4A024BD
Format:
Word;
PDF
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How to fill out Full Guaranty?
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FAQ
You must apply to the Guaranty Fund within two years after you receive the court judgment against your contractor.
The Real Estate Guaranty Fund, administered by the Department of Consumer Protection, can reimburse consumers who suffer financial losses in unscrupulous real estate transactions.
The Connecticut Unfair Trade Practices Act (CUTPA) prohibits unfair competition and unfair and deceptive acts. Initially adopted in 1973, CUTPA has been modified by the state legislature. The Department of Consumer Protection (DCP) has jurisdiction over CUPTA, but it is most commonly used as a private right of action.
A guaranty fund (or guaranty association) is an organization established by state law. Its purpose is to protect policyholders from insurer insolvencies. It pays claims an insurer would have paid had it not become financially impaired.
The Real Estate Guaranty Fund, administered by the Department of Consumer Protection, can reimburse consumers who suffer financial losses in unscrupulous real estate transactions.
A state guaranty fund is administered by a U.S. state to protect policyholders in the event that an insurance company defaults on benefit payments or becomes insolvent. The fund only protects beneficiaries of insurance companies that are licensed to sell insurance products in that state.
Funds to pay claims, administrative costs and other guaranty association obligations are raised by mandatory "assessments" on insurance companies licensed to issue the same lines of insurance as the problem company. For example, automobile insurers provide the money to pay claims when an automobile writer fails.
What is the purpose of the Guaranty Fund? To reimburse actual losses of money or property suffered as a result of theft, embezzlement, false pretenses, forgery, fraud or misrepresentation.
