This office lease guaranty states that the guarantor unconditionally guarantees to the landlord the full and timely performance and observance of all of the terms, covenants, and conditions of the lease.
Puerto Rico Full Guaranty
Category:
State:
Multi-State
Control #:
US-OL4A024BD
Format:
Word;
PDF
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FAQ
In comparison to the different states of the United States, Puerto Rico is poorer than Mississippi, the poorest state of the United States, with 45% of its population living below the poverty line. However, when compared to Latin America, Puerto Rico has the highest GDP per capita in the region.
On July 25, 1952, after final ratification by the constitutional convention to accept the constitution as approved by the Congress, the Governor of Puerto Rico proclaimed the establishment of the Commonwealth of Puerto Rico under the new constitution.
In 2020, Joe Biden stated: ?I happen to believe that statehood would be the most effective means to ensure that residents of Puerto Rico are treated equally with equal representation at the federal level.
Why did the U.S. take control of Puerto Rico? ?The U.S. for a long time had wanted to assert its sort of predominance in the Americas and remove European powers formally,? Christina Ponsa-Kraus, a professor of legal history at Columbia University, told McClatchy News.
Puerto Ricans do pay federal taxes, but the majority of them do not contribute to income taxes which are only paid by Puerto Rico residents who work for the federal government, those who are in the U.S. military, others who earn money from outside the country and those who work with the federal government.
Puerto Rico is an unincorporated territory of the United States and Puerto Ricans are U.S. citizens; however, Puerto Rico is not a U.S. state, but a U.S. insular area. Consequently, while all Puerto Rico residents pay federal taxes, many residents are not required to pay federal income taxes.
Over the past few decades, declining tax revenues and mounting debt in other areas have forced Puerto Rico to borrow money to keep its Medicaid program solvent. Another serious problem stems from Puerto Rico's underfunded social safety net.
The United States acquired the islands of Puerto Rico in 1898 after the Spanish?American War, and the archipelago has been under U.S. sovereignty since.
