This office lease form is a detailed guaranty where the guarantor absolutely guaranties to the landlord, its successors and assigns, the payment of all fixed rent and additional rent due as well as all listed obligations within this form.
Pennsylvania Detailed Form of Good Guy Guaranty
State:
Multi-State
Category:
Control #:
US-OL4A024EB
Format:
Word;
PDF;
Rich Text
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FAQ
If you're a tenant and your business fails, but you vacate your space and pay rent through the date you vacate, you're a "good guy." A good guy clause limits the liability of the personal guarantor for a tenant when a lease is terminated early.
Good Guy Guaranty example scenarios If the tenant breaks the lease before the lease term expires, or vacates without being up-to-date on their rent payments, the landlord will have no other choice than to take that tenant to court.
