Good Guy Clause Sample

A Good Guy Guaranty is a personal guaranty of payment and performance under a lease, but is limited to the tenant's obligations during the time that the tenant is in possession of the premises.

A Guarantor form acts as a legal piece of insurance to typically protect the landlord against rental loss, damages and any ensuing legal fees that is incurred by a tenant. The Guarantor form is a legal contract enforcing the agreement.

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.

The use clause in a lease tells you how you can utilize your space. It may restrict your lines of business, stipulate office hours that you must adhere to and place restrictions on advertising signage on the premises.

10 Important Rental Lease Clauses. #1 Rent Liability. #2 Severability Clause. #3 Access to Premises. #4 Use of Premises. #5 Holding Over. #6 Sublet Rules. #7 Disturbance Clause.

It's a legal clause that if for any reason the tenant becomes unable to continue paying rent for the space, that tenant will give the landlord proper notification (usually three month's notice), vacate the premises, and pay all rental fees up until the date of departure.

Rolling guaranty: this can be a 12 month, 24 month or some other number of months, rolling guaranty. It means that the total exposure is the number of months regardless of how many months are remaining in the lease (unless the remaining months are less than the rolling months.

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.

Make good refers to the clause in a lease that set out how a tenant should leave a property when the lease comes to an end, whether by the expiry of the term or earlier termination. Make good is one of the most commonly disputed provisions of a lease.