Guaranty Lease

 Guaranty of Payment of Rent under Lease Agreement
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State:
Multi-State
Control #:
US-01104BG
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Available formats: Word | Rich Text

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Description north carolina landlord tenant leases guaranty

A guaranty is an agreement by one person (the guarantor) to perform an obligation in the event of default by the debtor or obligor. A guaranty acts as a type of collateral for an obligation of another person (the debtor or obligor). A guaranty agreement is a type of contract. Questions regarding such matters as validity, interpretation, and enforceability of guaranty agreements are decided in accordance with basic principles of contract law.

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