This office lease provision states that the guarantor's liability is not affected or impaired by any delay by or failure of the landlord in enforcing any of its rights or remedies under the lease or at law, or by any deferral, waiver, or release of the tenant's obligations under the lease or any forbearance by the landlord in exercising any of its rights and remedies or by any other action, inaction, or omission by the landlord. This guaranty is independent of any security or remedies which the landlord has under the law.
The Indiana Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a legal clause commonly included in commercial lease agreements in the state of Indiana. This provision serves to protect the landlord's rights and interests in the event of any waiver or forbearance granted to the tenant. Keywords: Indiana, provision of guaranty, unaffected, waiver, forbearance, landlord, commercial lease agreements This particular provision ensures that any actions taken by the landlord, such as granting waivers or allowing forbearance regarding certain lease obligations or defaults, will not affect the guarantor's liability under the lease agreement. Regardless of any leniency shown towards the tenant, the guarantor's obligations within the lease remain intact. This clause is crucial as it prevents the guarantor from using any acts of leniency or accommodations offered by the landlord as a means to diminish or evade their obligations. It reinforces the guarantor's obligation to fulfill all financial and performance-related aspects of the lease agreement, regardless of the landlord's actions. Different types of Indiana Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord may include variations in language and specific details, depending on the agreement between the landlord and tenant. However, the core purpose remains consistent across all variations — to safeguard the landlord's rights and ensure the guarantor's continued liability.
