This office lease provision lists the conditions under which the landlord shall accept surrender and the lease shall be deemed terminated.
Harris Texas Conditional Limitation of Tenant Liability Good Guy Provision
Category:
State:
Multi-State
County:
Harris
Control #:
US-OL14035
Format:
Word;
PDF
Instant download
Description
How to fill out Conditional Limitation Of Tenant Liability Good Guy Provision?
Developing legal documents is essential in the contemporary world.
However, it's not always necessary to hunt for expert assistance to craft some of them from the beginning, including the Harris Conditional Limitation of Tenant Liability Good Guy Provision, using a service such as US Legal Forms.
US Legal Forms boasts over 85,000 templates to choose from across various categories, including living wills, real estate documents, and divorce papers.
Select the pricing plan, then choose a preferred payment method, and purchase the Harris Conditional Limitation of Tenant Liability Good Guy Provision.
Decide to save the form template in any offered file format.
- All forms are categorized by their respective valid state, simplifying the searching process.
- Additionally, you can access informational materials and guides on the website to facilitate any tasks related to document preparation.
- Here's how to find and acquire the Harris Conditional Limitation of Tenant Liability Good Guy Provision.
- Review the document's preview and description (if provided) to gain an overview of what you'll receive upon acquiring the form.
- Make sure that the chosen document is tailored to your state/county/region, as state regulations can influence the validity of certain records.
- Investigate the associated document templates or restart the search to identify the suitable document.
- Click Buy now and create your account. If you already possess one, opt to Log In.
Form popularity
FAQ
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.
When negotiating a commercial real estate lease for office space, you may be asked by a landlord to agree to a 'good guy' guarantee. This 'good guy' guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.
Good guy guarantees in lease agreements are personal guarantees that are limited. That is if you personally guarantee the lease for your business location then your guarantee will be typically limited to past due rent or a set amount but not for the rent due throughout the entire term of your business lease.
When negotiating a commercial real estate lease for office space, you may be asked by a landlord to agree to a 'good guy' guarantee. This 'good guy' guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.
A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.
A good guy clause is a limited personal guarantee. The distinction between a good guy clause and a traditional/full personal guarantee is that in a good guy clause an individual's personal liability ends when the space is vacated.
