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.
Pennsylvania Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord
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FAQ
A lease guaranty is a contract between an individual or entity (guarantor) that is typically related to the tenant. The guarantor promises to pay the landlord any and all payments due under the lease in the event the tenant defaults under its lease obligations and otherwise cure the tenant's defaults.
Guarantor absolutely, unconditionally and irrevocably guarantees to Landlord the full, faithful and prompt performance of all obligations imposed on Tenant by the terms of the Lease, including, but not limited to: (a) the payment of any and all Rent payable by Tenant under the Lease, and (b) the performance and ... Standard Form of Guaranty - SEC.gov SEC.gov ? edgar ? data ? dex1039 SEC.gov ? edgar ? data ? dex1039
A personal guarantee puts the tenant's own assets ? such as real estate, savings, or other valuables ? on the line should their business not be in a position to pay rent or other lease obligations. 4 Tips on Negotiating Personal Guarantees when Leasing Space ... naimichael.com ? 4-tips-on-negotiating-pers... naimichael.com ? 4-tips-on-negotiating-pers...
Lease Provisions means the right to enforce, whether at law or in equity or by any other means, all terms, covenants and provisions of the Leases. Lease Provisions Definition | Law Insider lawinsider.com ? dictionary ? lease-provisions lawinsider.com ? dictionary ? lease-provisions
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.
