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.
Ohio Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord
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How to fill out Provision Of Guaranty Stating That It Is Unaffected By Any Waiver Or Forbearance By Landlord?
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FAQ
A lease guarantee is a legal agreement between a landlord, a tenant, and a third party approved by the landlord. This third party is called a lease guarantor. Like a cosigner on a consumer loan, the lease guarantor agrees to be responsible if the tenant defaults on the rental agreement.
Allow your landlord reasonable access (upon 24 hours' notice) to the premises to inspect, make repairs or show the property to prospective buyers or renters. Twenty-four hours of notice is not required in emergencies, or for the landlord to deliver large parcels, or upon agreement with the landlord.
In consideration of the willingness of Consultant to enter in this Agreement, and in order to induce him to do so, the undersigned person(s) hereby personally and unconditionally guarantee punctual payment by Client as required by this Agreement.
Describe the personal guarantee language section, in which the tenant agrees to assume responsibility for the payment of rent and any other obligations under the lease. The Tenant hereby personally guarantees the full and prompt payment of all rent and other charges due under this Lease.
The Guarantor hereby fully and unconditionally guarantees to each Holder the due and punctual payment of the Guarantee Payments, as and to the extent applicable (without duplication of amounts theretofore paid by the Issuer) when and as the same shall become due and payable, ing to the terms of the Preferred ...
Describe the personal guarantee language section, in which the tenant agrees to assume responsibility for the payment of rent and any other obligations under the lease. The Tenant hereby personally guarantees the full and prompt payment of all rent and other charges due under this Lease.
A personal guarantee is a contract between a tenant and a landlord in which the tenant agrees to be personally responsible for the payment of rent if the business fails. This means that if the business is unable to pay rent, the landlord can come after the tenant for the money.
