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 Nebraska Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a legal clause specifically designed to protect the rights and interests of both landlords and guarantors in the state of Nebraska. This provision is crucial in lease agreements and is intended to ensure that the landlord's ability to enforce the terms of a lease, including the collection of rent and the enforcement of other obligations, remains intact even if they decide to waive certain rights temporarily or show forbearance towards the tenant. Keywords: Nebraska, Provision of Guaranty, Unaffected, Waiver, Forbearance, Landlord. Different types of Nebraska Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord may include: 1. Standard Provision: This is the most common type of Nebraska Provision of Guaranty, stating that the guarantor's obligations remain unaffected by any waivers or forbearance granted by the landlord to the tenant. It ensures that even if the landlord offers leniency or temporarily waives certain rights, the guarantor is still obligated to fulfill their duties and guarantee the tenant's obligations. 2. Limited Provision: This type of provision may set specific limitations on the extent to which the guarantor remains unaffected by waivers or forbearance. It may outline certain conditions or scenarios where the landlord's actions can impact the guarantor's obligations. These limitations could be related to the duration of waiving or forbearance, the specific obligations affected, or any other circumstances deemed appropriate by the parties involved. 3. Negotiated Provision: In some cases, landlords and guarantors may negotiate a custom provision that suits their unique needs and circumstances. This type of provision can be tailored to address specific concerns or provide additional flexibility for both parties. However, it must still comply with Nebraska law and should clearly outline how the guarantor's obligations are to be treated in relation to landlord waivers or forbearance. It is important for landlords and guarantors in Nebraska to carefully review and understand the specific language and implications of the Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance. Seeking legal advice or consulting an attorney specializing in real estate law can help ensure that the provision is properly drafted, protecting the interests of both parties involved in the lease agreement.
