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.
A Puerto Rico Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a clause that is commonly included in lease agreements or contracts in Puerto Rico. This provision serves as an important legal safeguard for the guarantor by ensuring that their obligations are not affected or waived, even if the landlord chooses to waive or forbear certain terms or conditions of the lease agreement. It is crucial to understand that this provision exists to protect the rights and responsibilities of the guarantor. In some cases, a landlord may choose to waive or forbear certain aspects of the lease agreement due to various circumstances. However, without the Puerto Rico Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord, the guarantor's liability could be inadvertently released or limited. This provision emphasizes that the guarantor's obligations remain intact and unaffected regardless of any actions taken by the landlord. It ensures that any waivers or forbearance granted by the landlord do not release the guarantor from their duty to fulfill the terms of the lease agreement. Different variations of the Puerto Rico Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord may include specific language addressing different scenarios or potential conflicts that could arise during the lease term. These variations aim to provide additional clarity and protection to both the landlord and the guarantor. In summary, the Puerto Rico Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is an essential clause that safeguards the guarantor's responsibilities, ensuring they are binding regardless of any waivers or forbearance granted by the landlord. This provision helps establish a clear understanding of the parties' obligations, providing stability and legal protection to both parties involved in the lease agreement.
