[{"data":1,"prerenderedAt":527},["ShallowReactive",2],{"document-guaranty-of-a-lease-D1177":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":181,"customdescription":6,"mdFm":182,"mdProseHtml":526},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":22},"GUARANTY OF LEASE This Guaranty of Lease (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [GUARANTOR NAME] (the \"Guarantor\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] RECITALS Reference is made to that certain Lease herewith, dated [DATE], by and between Landlord and Tenant with respect to certain premises; As a material inducement to, and in consideration of, Landlord entering into the Lease, Guarantor does hereby agree as follows: GUARANTY Guarantor do hereby unconditionally guarantee, as a primary obligor and not as a surety, and promise to perform and be liable for, the payment of rent by Tenant for [NUMBER] months starting [DATE] through [DATE]. MODIFICATIONS AND AMENDMENTS The Lease may be amended or modified, and further agreements may be entered into between Tenant and Landlord, without further authorization from or notice to Guarantor and no such action shall terminate, release, reduce, diminish or in any way affect any of the obligations of the Guarantor hereunder or give Guarantor recourse or defense against Landlord. Landlord may alter, compromise, accelerate, extend or change the time or manner for the performance or payment of any obligation(s) of Tenant under the Lease, waive any default by Tenant, fail to assert any rights against Tenant, grant to Tenant any other indulgence or concession with respect to all or any part of any of the obligations of Tenant under the Lease, release, substitute or add Guarantors and may generally deal with Tenant, or any indebtedness of Tenant to Landlord, as Landlord sees fit, and no such action and no change, impairment or suspension of any right or remedy of Landlord shall terminate, release, reduce, diminish or in any way affect any of the obligations of Guarantor hereunder or give Guarantor any recourse or defense against Landlord. LIABILITIES The amount of liability of Guarantor and all rights, power and remedies of Landlord hereunder and under any other agreement now or at any time hereafter in force between Landlord and Guarantor, including any other guaranty executed by Guarantor relating to any indebtedness of Tenant to Landlord, shall be cumulative and not alternative and shall be deemed to include all rights, powers and remedies given to Landlord by law. This Guaranty is in addition to and exclusive of the guaranty of any other guarantor of any indebtedness of Tenant to Landlord. OBLIGATIONS OF GUARANTOR The obligations of Guarantor hereunder are independent of the Lease Obligation. In the event of any default hereunder, a separate action or actions may be brought and prosecuted against Guarantor whether or not Tenant is joined therein or a separate action or actions is brought against Tenant. Landlord may maintain successive actions for other defaults",null,"Guaranty of a Lease","3",38,"doc","https://templates.business-in-a-box.com/imgs/1000px/guaranty-of-a-lease-D1177.png","https://templates.business-in-a-box.com/imgs/250px/1177.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1177.xml",{"title":6,"description":6},[16,19],{"label":17,"url":18},"Real Estate","/templates/real-estate-business/",{"label":20,"url":21},"Business Checklists","/templates/business-checklists/","guaranty a lease","Guaranty of a Lease Template","https://templates.business-in-a-box.com/imgs/400px/1177.png","https://templates.business-in-a-box.com/imgs/600px/1177.png",[27,16,19],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Guaranties & Collateral","/templates/guaranties-and-collateral/",[39,43,47,51,55,59,63,67,71,75,79,83,87,103,123,139,152,165],{"label":40,"url":41,"thumb":42,"extension":10},"Guaranty","/template/guaranty-D401","https://templates.business-in-a-box.com/imgs/250px/401.png",{"label":44,"url":45,"thumb":46,"extension":10},"Payment Guaranty","/template/payment-guaranty-D404","https://templates.business-in-a-box.com/imgs/250px/404.png",{"label":48,"url":49,"thumb":50,"extension":10},"Revocation of Guaranty","/template/revocation-of-guaranty-D409","https://templates.business-in-a-box.com/imgs/250px/409.png",{"label":52,"url":53,"thumb":54,"extension":10},"Unlimited Guaranty","/template/unlimited-guaranty-D412","https://templates.business-in-a-box.com/imgs/250px/412.png",{"label":56,"url":57,"thumb":58,"extension":10},"General Continuing Guaranty","/template/general-continuing-guaranty-D399","https://templates.business-in-a-box.com/imgs/250px/399.png",{"label":60,"url":61,"thumb":62,"extension":10},"Guaranty Agreement","/template/guaranty-agreement-D13699","https://templates.business-in-a-box.com/imgs/250px/13699.png",{"label":64,"url":65,"thumb":66,"extension":10},"Receipt for Lease Security Deposit","/template/receipt-for-lease-security-deposit-D1199","https://templates.business-in-a-box.com/imgs/250px/1199.png",{"label":68,"url":69,"thumb":70,"extension":10},"Termination of Future Guaranty","/template/termination-of-future-guaranty-D301","https://templates.business-in-a-box.com/imgs/250px/301.png",{"label":72,"url":73,"thumb":74,"extension":10},"Agreement to Lease","/template/agreement-to-lease-D1164","https://templates.business-in-a-box.com/imgs/250px/1164.png",{"label":76,"url":77,"thumb":78,"extension":10},"Extension of a Lease","/template/extension-of-a-lease-D1176","https://templates.business-in-a-box.com/imgs/250px/1176.png",{"label":80,"url":81,"thumb":82,"extension":10},"Modification of Lease","/template/modification-of-lease-D1181","https://templates.business-in-a-box.com/imgs/250px/1181.png",{"label":84,"url":85,"thumb":86,"extension":10},"Request Release of Personal Guaranty","/template/request-release-of-personal-guaranty-D299","https://templates.business-in-a-box.com/imgs/250px/299.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":91,"extension":10,"preview":92,"thumb":93,"svgFrame":94,"seoMetadata":95,"parents":96,"keywords":101,"url":102},"COMMERCIAL LEASE AGREEMENT This Lease Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Landlord\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [TENANT NAME] (the \"Tenant\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] DESCRIPTION OF PREMISES Landlord leases to Tenant the premises located at [address], [city], [state], and described more particularly as follows: [insert legal description]. GRANT OF LEASE Landlord, in consideration of the rents to be paid and the covenants and agreements to be performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant does hereby lease and take from the Landlord the property described in Exhibit \"A\" attached hereto and by reference made a part hereof (the \"Leased Premises\"), together with, as part of the parcel, all improvements located thereon. LEASE TERM Total Term of Lease: The term of this Lease shall begin on the commencement date, as defined in Section b) of this Article 3, and shall terminate on [DATE]. Commencement Date: The \"Commencement Date\" shall mean the date on which the Tenant shall commence to conduct business on the Leased Premised, so long as such date is not in excess of [NUMBER] days subsequent to execution hereof. EXTENSIONS The parties hereto may elect to extend this Agreement upon such terms and conditions as may be agreed upon in writing and signed by the parties at the time of any such extension. DETERMINATION OF RENT The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term hereof, at such place as the Landlord shall from time to time direct by notice to the Tenant, rent at the following rates and times: Annual Rent: Annual rent for the term of the Lease shall be [AMOUNT], plus applicable sales tax. Payment of Yearly Rent: The annual rent shall be payable in advance in equal monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be [AMOUNT], on the first day of each and every calendar month during the term hereof, and prorata for the fractional portion of any month, except that on the first day of the calendar month immediately following the Commencement Date, the Tenant shall also pay to the Landlord rent at the said rate for any portion of the preceding calendar month included in the term of this Lease. Reference to yearly rent hereunder shall not be implied or construed to the effect that this Lease or the obligation to pay rent hereunder is from year to year, or for any term shorter than the existing Lease term, plus any extensions as may be agreed upon. A late fee in the amount of [AMOUNT] shall be assessed if payment is not postmarked or received by Landlord on or before the tenth day of each month. USE OF PROPERTY BY TENANT The Leased Premises may be occupied and used by Tenant exclusively as a [DESCRIBE], to be known as a [DESCRIBE]. Nothing herein shall give Tenant the right to use the property for any other purpose or to sublease, assign, or license the use of the property to any Sub-Tenant, assignee, or licensee, which or who shall use the property for any other use. RESTRICTIONS ON USE Tenant shall not use the demised premises in any manner that will increase risks covered by insurance on the demised premises and result in an increase in the rate of insurance or a cancellation of any insurance policy, even if such use may be in furtherance of Tenant's business purposes. Tenant shall not keep, use, or sell anything prohibited by any policy of fire insurance covering the demised premises, and shall comply with all requirements of the insurers applicable to the demised premises necessary to keep in force the fire and liability insurance. WASTE, NUISANCE, OR UNLAWFUL ACTIVITY Tenant shall not allow any waste or nuisance on the demised premises, or use or allow the demised premises to be used for any unlawful purpose. DELAY IN DELIVERING POSSESSION This lease agreement shall not be rendered void or voidable by the inability of Landlord to deliver possession to Tenant on the date set forth in Section 3. Landlord shall not be liable to Tenant for any loss or damage suffered by reason of such a delay; provided, however, that Landlord does deliver possession no later than [date]. In the event of a delay in delivering possession, the rent for the period of such delay will be deducted from the total rent due under this lease agreement. No extension of this lease agreement shall result from a delay in delivering possession. SECURITY DEPOSIT The Tenant has deposited with the Landlord the sum of [AMOUNT] as security for the full and faithful performance by the Tenant of all the terms of this lease required to be performed by the Tenant. Such sum shall be returned to the Tenant after the expiration of this lease, provided the Tenant has fully and faithfully carried out all of its terms. In the event of a bona fide sale of the property of which the leased premises are a part, the Landlord shall have the right to transfer the security to the purchaser to be held under the terms of this lease, and the Landlord shall be released from all liability for the return of such security to the Tenant. TAXES Property Taxes: The Tenant shall be liable for all taxes levied against any leasehold interest of the Tenant or personal property and trade fixtures owned or placed by the Tenant in the Leased Premises. Real Estate Taxes: During the continuance of this lease Landlord shall deliver to Tenant a copy of any real estate taxes and assessments against the Leased Property. From and after the Commencement Date, the Tenant shall pay to Landlord not later than [NUMBER] days after the day on which the same may become initially due, all real estate taxes and assessments applicable to the Leased Premises, together with any interest and penalties lawfully imposed thereon as a result of Tenant's late payment thereof, which shall be levied upon the Leased Premises during the term of this Lease. Contest of Taxes: The Tenant, at its own cost and expense, may, if it shall in good faith so desire, contest by appropriate proceedings the amount of any personal or real property tax. The Tenant may, if it shall so desire, endeavor at any time or times, by appropriate proceedings, to obtain a reduction in the assessed valuation of the Leased Premises for tax purposes. In any such event, if the Landlord agrees, at the request of the Tenant, to join with the Tenant at Tenant's expense in said proceedings and the Landlord agrees to sign and deliver such papers and instruments as may be necessary to prosecute such proceedings, the Tenant shall have the right to contest the amount of any such tax and the Tenant shall have the right to withhold payment of any such tax, if the statute under which the Tenant is contesting such tax so permits. Payment of Ordinary Assessments: The Tenant shall pay all assessments, ordinary and extraordinary, attributable to or against the Leased Premises not later than [NUMBER] days after the day on which the same became initially due. The Tenant may take the benefit of any law allowing assessments to be paid in installments and in such event the Tenant shall only be liable for such installments of assessments due during the term hereof. ","Commercial Lease Agreement","19",145,"https://templates.business-in-a-box.com/imgs/1000px/lease-agreement-D1179.png","https://templates.business-in-a-box.com/imgs/250px/1179.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1179.xml",{"title":6,"description":6},[97,99],{"label":17,"url":98},"real-estate-business",{"label":20,"url":100},"business-checklists","lease agreement","/template/lease-agreement-D1179",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":113,"keywords":112,"url":122},"PERSONAL GUARANTEE This Personal Guarantee (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Guarantor\"), an individual with his main address located at: [YOUR COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Second Party\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] I, [NAME OF GUARANTOR], residing at [COMPLETE ADDRESS], hereby personally and solidarity guarantee all of the obligations of [YOUR COMPANY NAME] and agree to be bound solidarity with [YOUR COMPANY NAME] for the prompt performance of [YOUR COMPANY NAME]'s obligations under that certain [SPECIFY] Agreement dated [DATE] (the \"Agreement\") between [YOUR COMPANY NAME] and [COMPANY NAME], including without limitation the payment of all goods, wares and merchandise as [YOUR COMPANY NAME] may from time to time select and purchase on credit from [COMPANY NAME], and hereby expressly renounce to the benefits of division and discussion. Furthermore, I agree that waive may extend the time for payment of any amounts owing to it by waive and/or may waive any default by waive without it in any way lessening or limiting my liability hereunder. Notwithstanding the foregoing, my guarantee hereunder to pay any and all amounts owing by [YOUR COMPANY NAME] to [COMPANY NAME] shall be limited to the sum of [AMOUNT] OR [%] of such outstanding amount.","Personal Guarantee","2",513,"https://templates.business-in-a-box.com/imgs/1000px/personal-guarantee-D405.png","https://templates.business-in-a-box.com/imgs/250px/405.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#405.xml",{"title":112,"description":6},"personal guarantee",[114,117,120],{"label":115,"url":116},"Finance & Accounting","finance-accounting",{"label":118,"url":119},"Business Loans","business-loan",{"label":36,"url":121},"guaranties-collateral","/template/personal-guarantee-D405",{"description":124,"descriptionCustom":6,"label":125,"pages":126,"size":107,"extension":10,"preview":127,"thumb":128,"svgFrame":129,"seoMetadata":130,"parents":132,"keywords":131,"url":138},"INDEMNIFICATION AGREEMENT This Indemnification Agreement (\"Agreement\") is effective as of [DATE], BETWEEN: [NAME OF THE INDEMNIFYING PARTY] (the \"Indemnifier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [NAME OF THE INDEMNITEE] (the \"Indemnitee \"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Indemnitee seeks protection against any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. WHEREAS, the Indemnifier seeks to minimize any hardship the Indemnitee might suffer as the result of any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. NOW THEREFORE in consideration and as a condition of the Indemnifier and the Indemnitee entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: INDEMNIFIED ACTIVITY The Indemnitee seeks to be protected from the following indemnified activity (hereinafter referred to as the \"Activity\"): [SPECIFY ACTIVITY] INDEMNITY The Indemnifier agrees to indemnify and hold harmless the Indemnitee, its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from the Activity. EXCEPTIONS TO INDEMNIFICATION The Indemnifier shall not be obligated to indemnify the Indemnitee for any fines, expenses, judgments, settlements, and other obligations incurred as the result of the Indemnitee's participation in the Activity: In the case of a criminal proceeding; or In the case of a civil claim where the Indemnitee did not act in good faith and/or in a reasonable manner; or If the Indemnitee will or has received payment under a valid and collectible insurance policy or under a valid and enforcement indemnity clause, bylaw or agreement, except where payment under the insurance policy, clause, bylaw or agreement is not sufficient to fully indemnify the Indemnitee, in which case the Indemnifier will be responsible for any shortfall in the payment received; or If an action or proceeding was initiated in whole in or in part by the Indemnitee, whether alone or along with one or more other claimants, unless the action or proceeding has the written consent of the Indemnifier. NOTICE OF CLAIM In the event of any claim or action, the Indemnitee must promptly provide the Indemnifier with written notice of the claim or action and will notify the Indemnifier of any legal proceedings relating to the claim or action within [NUMBER OF DAYS] of the Indemnitee's receipt of notice of such proceedings. The Indemnitee must provide the Indemnifier with all known information available to the Indemnitee relating to the claim or action. COOPERATION ​ The Indemnitee agrees to wholly cooperate with the Indemnifier in the defence of any claim or action against it that the Indemnitee seeks to be indemnified for, including but not limited to, providing the Indemnifier with all available information related to the claim or action, responding to reasonable requests from the Indemnifier for information, documentation, and the like","Indemnification Agreement","4","https://templates.business-in-a-box.com/imgs/1000px/sample-doc-for-test-D13016.png","https://templates.business-in-a-box.com/imgs/250px/13016.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13016.xml",{"title":131,"description":6},"indemnification agreement",[133,135],{"label":33,"url":134},"business-legal-agreements",{"label":136,"url":137},"Release Agreements","release-agreement","/template/indemnification-agreement-D13016",{"description":140,"descriptionCustom":6,"label":141,"pages":142,"size":107,"extension":10,"preview":143,"thumb":144,"svgFrame":145,"seoMetadata":146,"parents":148,"keywords":147,"url":151},"LANDLORD CONSENT TO SUBLEASE AGREEMENT This Landlord Consent to Sublease (the \"Agreement\") is effective [DATE], BETWEEN: [THE LANDLORD'S NAME], (the \"Landlord\") an individual with their main address located at: [YOUR COMPLETE ADDRESS] AND: [THE TENANT'S NAME], (the \"Tenant\") an individual with their main address located at: [COMPLETE ADDRESS] AND: [THE SUBTENANT'S NAME], (the \"Subtenant\") an individual with their main address located at: [COMPLETE ADDRESS] The Landlord, the Tenant and the Subtenant shall be collectively referred to as \"Parties\" and individually as \"Party.\" WHEREAS, The Landlord is the owner of the property in question, located at [ADDRESS OF THE PROPERTY] (the \"Property\"); WHEREAS, The Landlord as Lessor, and the Tenant, as Lessee, entered into a lease agreement covering the Property, a copy of which is attached as Exhibit A (the \"Lease\"); WHEREAS, The Tenant wishes to sublease its right and obligations as Lessee under the Lease to the Subtenant, and the Subtenant wishes to accept the Sublease of the Lease and assume these obligations on the terms set forth in this Agreement. NOW, THEREFORE THE PARTIES HERETO AGREE AS FOLLOWS: CONSENT TO SUBLEASE The Landlord hereby consents the Tenant's Sublease of the Lease to the Subtenant on the terms of the Sublease of the Lease, a copy of which is attached as Exhibit B (the \"Sublease\"). The Landlord's consent to the Sublease does not constitute consent to any subsequent subleases or assignments of the Property. The Tenant shall provide the Landlord with a fully executed copy of the Sublease promptly after it is signed. CONTINUING LIABILITY OF TENANT The Tenant acknowledges that: It remains primarily liable for, and is not released from, the performance of all terms of the Lease, notwithstanding the Landlord's consent to the Sublease or any breach committed by the Subtenant under the Sublease, and The Landlord may pursue any remedies available if the Tenant breaches the Lease, without regard to the performance by the Subtenant of the terms of the Sublease. The Tenant shall be responsible for the collection of all Rent due it from the Subtenant, and for the performance of all the other terms and conditions of the Sublease. CONTINUING EFFECTIVENESS OF LEASE All other terms of the Lease remain in full force and effect, including the prohibition against further assignments and subleases without the Landlord's express written consent. MONTHLY BASIC RENT The Rent due from the Subtenant under the Sublease is not greater than the Rent due from the Tenant under the Lease. The Subtenant must pay monthly Rent of [MONTHLY RENT DUE], payable by [METHOD OF PAYMENT] on the [DAY OF MONTH] of each month as of [START DATE] until [END DATE]. SUBLEASE SUBORDINATE TO THE LEASE The Sublease is subject and subordinate to the Lease. Neither the Tenant nor the Subtenant may do or permit anything to be done in connection with the Sublease or the Subtenant's occupancy of the Property that would violate the Lease. SUBLEASE AGREEMENT The Tenant and the Subtenant hereby represent that a true and complete copy of the Sublease is attached hereto and made a part hereof as Exhibit B, and the Tenant and the Subtenant agree that the Sublease shall not be modified without the Landlord's prior written consent, which consent shall not be unreasonably withheld, conditioned, or delayed. REPRESENTATIONS The Landlord hereby represents and warrants, as of the date hereof, that (i) the Landlord has full power and authority to enter into this Agreement, (ii) the Lease is in full force and effect, (iii) to the best of the Landlord's knowledge, the Tenant is not in default thereunder; and (iv) the Landlord has received no notice that it is in default under the Lease nor has the Landlord any knowledge of the existence of any condition or the occurrence of any event, which, if not acted on in a timely fashion, would result in the Tenant's default under the Lease. NO TRANSFER The Subtenant shall not further sublease the Sublet Premises, assign its interest as the Subtenant under the Sublease or otherwise transfer its interest in the Sublet Premises or the Sublease to any person or entity. NON-DISTURBANCE OF SUBTENANT","Landlord Consent To Sublease Agreement","7","https://templates.business-in-a-box.com/imgs/1000px/performance-form-2018-19-copy-D13019.png","https://templates.business-in-a-box.com/imgs/250px/13019.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13019.xml",{"title":147,"description":6},"landlord consent to sublease agreement",[149,150],{"label":33,"url":134},{"label":33,"url":134},"/template/landlord-consent-to-sublease-agreement-D13019",{"description":153,"descriptionCustom":6,"label":154,"pages":155,"size":107,"extension":10,"preview":156,"thumb":157,"svgFrame":158,"seoMetadata":159,"parents":161,"keywords":160,"url":164},"[DATE] [YOUR NAME] [YOUR ADDRESS] [CITY, STATE, ZIP CODE] [YOUR EMAIL ADDRESS] [YOUR PHONE NUMBER] [LANDLORD'S NAME] [LANDLORD'S ADDRESS] [CITY, STATE, ZIP CODE] SUBJECT: NOTICE OF LEASE TERMINATION Dear [LANDLORD'S NAME], I am writing to formally notify you of my intent to terminate the lease agreement for the property located at [PROPERTY ADDRESS]. As per the terms of our lease agreement, I am providing you with the required notice period of [NUMBER OF DAYS, TYPICALLY 30 OR 60 DAYS], and my lease will be terminated on [TERMINATION DATE], which is [DATE NOTICE PERIOD ENDS, TYPICALLY 30 OR 60 DAYS FROM THE DATE OF THE LETTER]. The lease for the aforementioned property was initiated on [LEASE START DATE], and the initial lease term was set to expire on [ORIGINAL LEASE END DATE]. I am terminating the lease agreement as of the aforementioned Termination Date. I will ensure that the property is returned to you in the condition specified in our lease agreement","Lease Termination Letter","1","https://templates.business-in-a-box.com/imgs/1000px/lease-termination-letter-D13724.png","https://templates.business-in-a-box.com/imgs/250px/13724.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13724.xml",{"title":160,"description":6},"lease termination letter",[162,163],{"label":33,"url":134},{"label":33,"url":134},"/template/lease-termination-letter-D13724",{"description":166,"descriptionCustom":6,"label":167,"pages":8,"size":168,"extension":10,"preview":169,"thumb":170,"svgFrame":171,"seoMetadata":172,"parents":173,"keywords":179,"url":180},"PROMISSORY NOTE This Promissory Note (the \"Note\") is made and effective the [DATE], BETWEEN: [LENDER NAME] (the \"Lender\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Borrower\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] TERMS FOR VALUE RECEIVED, the Borrower promises to pay to the order of Lender, at its principal office located at [ADDRESS], or at such other place that is designated in writing by the holder hereof, the principal sum of [AMOUNT], together with all charges and interest herein provided, payable at the rate and in the manner hereinafter set forth: Borrower shall make monthly payments of principal and interest at the rate of [%] per annum based upon an amortization of [NUMBER] months. Monthly payments shall be due on or before the first day of each month with the first payment being due on or before [DATE]. If not sooner paid, all amounts due under this Note, including principal, interest and other charges shall be due and payable in full on or before the first day of [MONTH], [YEAR] (the \"Maturity Date\"). Time is of the essence of the payment obligations hereunder and each monthly payment shall be due and payable on or before the first day of each month. This Note is and will be secured by a certain first priority security interest in all of the tangible and intangible property of the Borrower, to be recorded in all applicable governmental offices. The parties shall execute a separate security agreement, in form and substance acceptable to the Lender in all respects. Borrower agrees to execute any such security agreements presented by the Lender or other documents required by the Lender in order to perfect its security interest in the above described property. Said Security Agreement and any other instruments and documents executed in connection with or given as security for this Note shall hereinafter be referred to collectively as the \"Loan Documents.\" All of the terms, covenants, Conditions, representations and warranties contained in the Loan Documents are hereby made part of this Note to the same extent and with the same force and effect as if fully set forth herein. If all or any portion of any payment due hereunder is not received by the Lender within [NUMBER] calendar days after the date when such payment is due, Borrower shall pay a late charge equal to [%] of such payment, such late charge to be immediately due and payable without demand by Lender. Borrower shall have the right to prepay all (but not a portion) of the indebtedness evidenced by this Note at any time, by paying the Lender an amount equal to the sum of (I) the principal balance then outstanding, (ii) all interest accrued to the date of such prepayment, (iii) all interest calculated through the Maturity Date, and (iv) any late charge or charges then due and owing. If any payment under this Note is not paid in full by the [DAY] of any month during the term hereof or if the entire amount due as represented by this Note is not paid in full on or before the Maturity Date, or should default be made in the performance or observation of any of the terms, covenants, or conditions contained in the Loan Documents, or if any representation or warranty contained in the Loan Documents is breached or is or becomes untrue, this Note shall be in default, and the entire principal amount outstanding hereunder, accrued interest thereon, all late charges, if any, and any and all other charges due hereunder, shall, at Lender's option, immediately become due and payable, without further notice, the giving of such notice being expressly waived by the Borrower","Promissory Note",39,"https://templates.business-in-a-box.com/imgs/1000px/promissory-note-D434.png","https://templates.business-in-a-box.com/imgs/250px/434.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#434.xml",{"title":6,"description":6},[174,175,176],{"label":115,"url":116},{"label":118,"url":119},{"label":177,"url":178},"Promissory Notes","promisory-note","promissory note","/template/promissory-note-D434",false,{"seo":183,"reviewer":196,"legal_disclaimer":200,"quick_facts":201,"at_a_glance":203,"personas":207,"variants":232,"glossary":256,"clauses":289,"how_to_fill":340,"common_mistakes":381,"faqs":406,"industries":434,"comparisons":451,"diy_vs_lawyer":467,"jurisdictions":480,"related_template_ids_curated":501,"schema":513,"classification":514},{"meta_title":184,"meta_description":185,"primary_keyword":186,"secondary_keywords":187},"Guaranty of a Lease Template (Free Word)","Free lease guaranty template for landlords and tenants. Covers personal and corporate guarantees, full and limited guaranty terms, and default conditions. Free Word and PDF download.","guaranty of a lease template",[188,189,190,191,192,193,194,195],"lease guaranty template","personal guarantee lease template","commercial lease guarantee template","lease guaranty agreement","landlord guaranty of lease","guaranty of lease word template free","lease guarantee form","corporate guarantee lease",{"name":197,"credential":198,"reviewed_date":199},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":202,"legal_review_recommended":200,"signature_required":200,"notarization_required":181},"advanced",{"what_it_is":204,"when_you_need_it":205,"whats_inside":206},"A Guaranty of a Lease is a legally binding agreement in which a third party — the guarantor — personally or corporately undertakes to fulfill a tenant's obligations under a lease if the tenant defaults. This free Word download gives landlords and tenants a structured, attorney-reviewed starting point covering full and limited guaranty structures, default triggers, and guarantor liability caps, exportable as PDF and ready to execute alongside any commercial or residential lease.\n","Use it when a landlord requires additional security before executing a lease with a new business, a startup with limited credit history, or an individual tenant with insufficient income verification. It is also required when a parent company or principal of a business entity is asked to back the tenant's obligations personally.\n","Parties and recitals identifying the guarantor, tenant, and landlord; the scope of the guaranteed obligations including rent, damages, and attorney fees; default and notice conditions; guarantor liability limits and duration; waiver of defenses; and governing law and signature blocks for all parties.\n",[208,212,216,220,224,228],{"title":209,"use_case":210,"icon_asset_id":211},"Commercial landlords","Securing personal or corporate backing before leasing to a newly formed LLC or startup","persona-landlord",{"title":213,"use_case":214,"icon_asset_id":215},"Startup founders","Signing a personal guarantee required by a landlord before a company lease is executed","persona-startup-founder",{"title":217,"use_case":218,"icon_asset_id":219},"Small business owners","Providing a personal guarantee to secure retail or office space for a business entity","persona-small-business-owner",{"title":221,"use_case":222,"icon_asset_id":223},"Commercial real estate brokers","Preparing lease guaranty documents for clients as part of a commercial transaction package","persona-real-estate-broker",{"title":225,"use_case":226,"icon_asset_id":227},"Corporate legal and finance teams","Issuing a parent company guarantee to backstop a subsidiary's long-term office lease","persona-corporate-counsel",{"title":229,"use_case":230,"icon_asset_id":231},"Franchise operators","Providing a franchisor-required personal guarantee for a franchised location lease","persona-franchise-applicant",[233,237,240,243,246,249,252],{"situation":234,"recommended_template":235,"slug":236},"A business owner providing an unlimited personal guarantee for all lease obligations","Full Personal Guaranty of Lease","guaranty-of-a-lease-D1177",{"situation":238,"recommended_template":239,"slug":236},"Guarantor limiting liability to a fixed dollar amount or number of months' rent","Limited Guaranty of Lease",{"situation":241,"recommended_template":242,"slug":236},"Parent corporation backing a subsidiary tenant's commercial lease","Corporate Lease Guaranty",{"situation":244,"recommended_template":245,"slug":236},"Multiple co-guarantors each bearing joint and several liability","Joint and Several Lease Guaranty",{"situation":247,"recommended_template":248,"slug":236},"Guaranty that terminates upon tenant achieving a defined creditworthiness threshold","Burn-Off Guaranty of Lease",{"situation":250,"recommended_template":251,"slug":236},"Residential landlord requiring a guarantor for a tenant with insufficient income","Residential Lease Guaranty",{"situation":253,"recommended_template":254,"slug":255},"Sublease where the original tenant guarantees the subtenant's performance","Sublease Guaranty Agreement","guaranty-agreement-D13699",[257,260,262,265,268,271,274,277,280,283,286],{"term":258,"definition":259},"Guarantor","The individual or entity who agrees to fulfill the tenant's lease obligations if the tenant fails to do so.",{"term":40,"definition":261},"A contractual promise by a third party to answer for another party's debt or performance obligation if that party defaults.",{"term":263,"definition":264},"Full Guaranty","A guaranty with no cap on the guarantor's liability — the guarantor is responsible for all of the tenant's obligations under the lease for its entire term.",{"term":266,"definition":267},"Limited Guaranty","A guaranty capped at a defined dollar amount or a specified number of months' rent, beyond which the guarantor has no further obligation.",{"term":269,"definition":270},"Burn-Off Guaranty","A guaranty that automatically terminates or reduces once the tenant satisfies a defined condition, such as operating for 24 months without default.",{"term":272,"definition":273},"Joint and Several Liability","A liability structure where multiple guarantors are each individually responsible for the full amount owed, not just their proportionate share.",{"term":275,"definition":276},"Waiver of Defenses","A clause in which the guarantor gives up the right to assert certain legal defenses — such as the landlord's failure to pursue the tenant first — before the landlord can call on the guaranty.",{"term":278,"definition":279},"Subrogation","The guarantor's right, after paying the landlord, to step into the landlord's shoes and pursue the tenant for reimbursement of amounts paid.",{"term":281,"definition":282},"Default","A tenant's failure to meet a lease obligation — most commonly non-payment of rent — that triggers the landlord's right to demand performance from the guarantor.",{"term":284,"definition":285},"Indemnification","A guarantor's agreement to compensate the landlord for losses, costs, and attorney fees incurred as a result of the tenant's default.",{"term":287,"definition":288},"Good Guy Clause","A provision that caps the guarantor's liability on the date the tenant surrenders possession of the premises and gives written notice, even if the lease term has not expired.",[290,295,300,305,310,315,320,325,330,335],{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Parties and recitals","Identifies the guarantor (by full legal name and address), the tenant, and the landlord, and recites the underlying lease being guaranteed.","This Guaranty of Lease ('Guaranty') is entered into as of [DATE] by [GUARANTOR FULL LEGAL NAME] ('Guarantor') in favor of [LANDLORD LEGAL NAME] ('Landlord'), with respect to that certain Lease Agreement dated [LEASE DATE] between Landlord and [TENANT LEGAL NAME] ('Tenant') for the premises located at [PROPERTY ADDRESS] ('Lease').","Using a trade name or informal name for the guarantor instead of the full legal name. If the guarantor's name on the document doesn't match their legal identity, enforcement becomes complicated and potentially impossible.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Guaranty of payment and performance","States that the guarantor unconditionally guarantees both payment of all monetary obligations and full performance of all non-monetary obligations under the lease.","Guarantor hereby unconditionally and irrevocably guarantees to Landlord the full and punctual payment of all rent and other sums due under the Lease and the full performance of all obligations of Tenant under the Lease, including but not limited to [SPECIFIC OBLIGATIONS].","Guaranteeing payment only without addressing performance obligations. A tenant who fails to maintain the premises or violate use restrictions may cause damage that is not covered by a payment-only guaranty.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Scope and duration of liability","Defines whether the guaranty is full or limited, the maximum dollar amount or time period of the guarantor's exposure, and any burn-off conditions that reduce or terminate the guaranty.","Guarantor's liability under this Guaranty shall [not exceed $[AMOUNT] / be limited to [X] months' base rent / continue for the full term of the Lease and any renewals]. The Guaranty shall [terminate upon / reduce to $[AMOUNT] after] [CONDITION OR DATE].","Failing to define a cap or burn-off condition from the guarantor's perspective. An unlimited, open-ended guaranty for a 10-year lease can expose a guarantor to hundreds of thousands of dollars of liability with no exit mechanism.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Guaranty as independent obligation","Clarifies that the guaranty is a separate, primary obligation — the landlord can pursue the guarantor directly without first exhausting remedies against the tenant.","This Guaranty is an absolute and unconditional guaranty of payment and performance, and not a guaranty of collection only. Landlord may enforce this Guaranty against Guarantor without first proceeding against Tenant or any collateral securing Tenant's obligations.","Omitting this clause and allowing the guarantor to argue that the landlord must sue the tenant to judgment before calling on the guaranty. Without it, enforcement can be delayed by years of tenant litigation.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Waiver of defenses and notices","Lists specific legal defenses the guarantor waives, including notice of tenant default, notice of lease modification, and the right to require the landlord to proceed against the tenant first.","Guarantor hereby waives: (a) notice of Tenant's default; (b) notice of any modification, extension, or renewal of the Lease; (c) any right to require Landlord to proceed first against Tenant; and (d) all other defenses, offsets, and counterclaims that Guarantor may have against Landlord.","Agreeing to waivers without understanding their breadth. Guarantors who sign broad waiver clauses give up the right to contest the landlord's version of events if the guarantor was never notified a default was occurring.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Lease modifications and extensions","States that the guaranty continues to apply even if the landlord and tenant modify the lease, extend the term, or grant the tenant additional accommodations, without requiring the guarantor's consent.","This Guaranty shall remain in full force and effect notwithstanding any amendment, modification, extension, or renewal of the Lease agreed to by Landlord and Tenant, whether or not Guarantor receives notice of or consents to such change.","Not obtaining the guarantor's consent to material modifications that increase the guarantor's exposure — such as adding square footage or extending the term — even when the guaranty document waives notice. Courts in some jurisdictions void guaranty obligations for modifications that materially increase risk without consent.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Default, notice, and demand","Defines what constitutes a default under the guaranty, how the landlord must deliver a demand to the guarantor, and the timeframe within which the guarantor must cure.","Upon Tenant's failure to pay any sum due under the Lease within [X] days of its due date, or upon any other default under the Lease that remains uncured after [X] days' written notice to Tenant, Landlord may deliver written demand to Guarantor at [ADDRESS], and Guarantor shall cure such default within [X] days of receipt.","Omitting a notice-and-cure period for the guarantor entirely. Without one, the guarantor has no warning before the landlord files suit, reducing the chance of a quick resolution and driving up legal costs for all parties.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Subrogation and reimbursement","Preserves the guarantor's right to seek reimbursement from the tenant after satisfying the landlord's claim, while deferring that right until the landlord has been made whole.","Upon payment by Guarantor of any amounts due hereunder, Guarantor shall be subrogated to Landlord's rights against Tenant to the extent of such payment; provided, however, that Guarantor shall not exercise any such right of subrogation until all obligations of Tenant to Landlord have been fully satisfied.","Exercising subrogation rights against the tenant while the landlord is still owed money. Premature subrogation claims can put the guarantor in breach of this clause and void their reimbursement rights.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Representations and warranties of guarantor","The guarantor confirms they have read the lease, have the legal capacity to enter the guaranty, and are entering it voluntarily and for valid consideration.","Guarantor represents and warrants that: (a) Guarantor has reviewed the Lease in its entirety; (b) Guarantor has the legal capacity and authority to execute this Guaranty; (c) this Guaranty constitutes the legal, valid, and binding obligation of Guarantor; and (d) Guarantor is entering this Guaranty voluntarily and for adequate consideration.","Not confirming the guarantor actually reviewed the lease. If a guarantor later claims they were unaware of specific lease obligations, the representation that they read the lease forecloses that defense.",{"name":336,"plain_english":337,"sample_language":338,"common_mistake":339},"Governing law, venue, and entire agreement","Specifies which state or jurisdiction's law governs the guaranty, where disputes must be litigated, and that the written document is the complete agreement between the parties.","This Guaranty shall be governed by and construed in accordance with the laws of the State of [STATE]. Any dispute arising hereunder shall be resolved exclusively in the courts of [COUNTY], [STATE]. This Guaranty constitutes the entire agreement of Guarantor with respect to the subject matter hereof and supersedes all prior discussions and representations.","Choosing a governing law that differs from the governing law of the underlying lease. If the lease and guaranty are subject to different jurisdictions, courts may apply conflicting rules to the same transaction.",[341,346,351,356,361,366,371,376],{"step":342,"title":343,"description":344,"tip":345},1,"Identify all parties with full legal names","Enter the guarantor's full legal name and address, the tenant's registered entity name, and the landlord's legal name exactly as they appear in the underlying lease and the guarantor's government-issued identification or corporate formation documents.","For corporate guarantors, confirm the exact legal entity name from the state's business registry — using a trade name instead of the registered name can make the guaranty unenforceable.",{"step":347,"title":348,"description":349,"tip":350},2,"Reference the underlying lease precisely","Insert the lease's execution date, the property address, and the lease term. If the lease has been amended, reference the base lease and all amendments by date so the guaranty clearly covers the full document set.","Attach a copy of the executed lease as Exhibit A to the guaranty so there is no ambiguity about which document is being guaranteed.",{"step":352,"title":353,"description":354,"tip":355},3,"Choose full, limited, or burn-off guaranty structure","Decide whether the guaranty is unlimited in scope, capped at a dollar amount or number of months' rent, or subject to automatic reduction or termination upon defined conditions. Fill in the scope and duration fields in the liability clause accordingly.","A guarantor should always push for a burn-off or cap — a 12-to-24-month cap equal to the landlord's re-leasing exposure is a defensible negotiating position for most commercial leases.",{"step":357,"title":358,"description":359,"tip":360},4,"Define default, notice, and cure periods","Set the number of days after a missed payment or lease breach that the landlord must wait before delivering a demand to the guarantor, and the number of days the guarantor has to cure after receiving that demand.","Align cure periods in the guaranty with cure periods in the underlying lease — mismatched timelines can inadvertently create shorter notice periods than intended.",{"step":362,"title":363,"description":364,"tip":365},5,"Review and tailor the waiver of defenses clause","Go through each listed defense waiver carefully. Guarantors should negotiate to retain notice of default and notice of material lease modifications — courts in some jurisdictions have voided guaranties where waivers were found to be unconscionable.","In California and New York, courts scrutinize waiver-of-defenses clauses closely; legal review is strongly recommended before signing a broad waiver in those states.",{"step":367,"title":368,"description":369,"tip":370},6,"Add governing law that matches the lease","Enter the state or jurisdiction whose law governs the guaranty, and confirm it matches the governing law clause in the underlying lease. Set the venue to the county where the property is located.","If the landlord and guarantor are in different states, the governing law should follow the property location — this is where disputes will most likely be litigated.",{"step":372,"title":373,"description":374,"tip":375},7,"Execute with proper signatures and consideration","Both the guarantor and an authorized representative of the landlord must sign. For corporate guarantors, obtain a board resolution or officer certificate confirming the signatory's authority to bind the entity.","Execute the guaranty simultaneously with or before the lease execution — a guaranty signed after the tenant takes possession may lack consideration and be voidable.",{"step":377,"title":378,"description":379,"tip":380},8,"Store executed copies with the lease file","Retain the original or a fully executed copy of the guaranty alongside the lease, all amendments, and any correspondence related to defaults. Both landlord and guarantor should hold executed counterparts.","Note the guaranty's termination date or burn-off milestone in your lease tracking system so you are reminded to request a replacement guaranty if the lease is renewed.",[382,386,390,394,398,402],{"mistake":383,"why_it_matters":384,"fix":385},"Signing the guaranty after the tenant takes possession","In common-law jurisdictions, a guaranty executed after the lease is already in effect may be voided for lack of fresh consideration — the guarantor gave nothing new in exchange for the promise.","Always execute the guaranty simultaneously with the lease, or provide documented additional consideration — a rent concession, a reduced security deposit, or a formal acknowledgment of benefit received — if it must be signed later.",{"mistake":387,"why_it_matters":388,"fix":389},"Not reading the underlying lease before signing the guaranty","The guarantor is backstopping every obligation in the lease. Unknown clauses — restoration requirements, percentage rent, operating expense escalations — become the guarantor's exposure.","Attach the complete executed lease as an exhibit to the guaranty and include a representation that the guarantor has reviewed it in full before signing.",{"mistake":391,"why_it_matters":392,"fix":393},"Agreeing to an unlimited guaranty on a long-term lease","A 10-year lease at $15,000 per month represents $1.8M of potential guarantor liability. Without a cap or burn-off, the guarantor carries that exposure for the full term.","Negotiate a liability cap equal to 12–24 months' rent, or a burn-off provision that terminates the guaranty after the tenant demonstrates 24 consecutive months of on-time payment.",{"mistake":395,"why_it_matters":396,"fix":397},"Using a governing law that conflicts with the underlying lease","If the lease is governed by New York law and the guaranty is governed by Delaware law, a court will face conflicting enforcement rules and may apply the stricter standard to limit the landlord's recovery.","Confirm the governing law clause in both documents matches before execution — the guaranty and the lease must reference the same jurisdiction.",{"mistake":399,"why_it_matters":400,"fix":401},"Omitting notice-and-cure rights for the guarantor","Without a cure period in the guaranty, the landlord can proceed directly to litigation against the guarantor without warning, eliminating the possibility of a fast, out-of-court resolution.","Insert a clause requiring the landlord to deliver written notice of default to the guarantor with a cure window of at least 5–10 business days before commencing enforcement action.",{"mistake":403,"why_it_matters":404,"fix":405},"Failing to update or release the guaranty when the lease is assigned or the tenant changes","A guarantor who signed for a specific tenant entity may remain liable for the obligations of a successor tenant they never agreed to backstop if the guaranty was not formally released or replaced.","Include a clause stating the guaranty terminates upon an approved lease assignment, and require landlords to issue a written guaranty release upon assignment completion.",[407,410,413,416,419,422,425,428,431],{"question":408,"answer":409},"What is a guaranty of a lease?","A guaranty of a lease is a legally binding agreement in which a third party — the guarantor — promises to fulfill a tenant's obligations under a lease if the tenant defaults. It gives the landlord a secondary source of recovery beyond the tenant entity itself, reducing the landlord's risk when leasing to new businesses, startups, or tenants with limited credit history. The guarantor can be an individual (personal guaranty) or another business entity (corporate guaranty).\n",{"question":411,"answer":412},"When is a lease guaranty required?","Landlords typically require a lease guaranty when the tenant is a newly formed LLC or corporation with no operating history, when the tenant's financials do not meet the landlord's underwriting criteria, when the lease term is long and the landlord's re-leasing risk is high, or when a franchisor contractually requires franchisees to provide a personal guarantee for their location lease. In commercial real estate, personal guaranties from business principals are standard practice for tenants that cannot demonstrate two to three years of audited financials.\n",{"question":414,"answer":415},"What is the difference between a full guaranty and a limited guaranty?","A full guaranty makes the guarantor responsible for every dollar of the tenant's obligations under the lease for its entire term, with no cap on exposure. A limited guaranty caps the guarantor's liability at a defined dollar amount or a specified number of months' rent — often 12 to 24 months. A burn-off guaranty is a subset of the limited structure that automatically terminates or reduces once the tenant satisfies a creditworthiness milestone, such as completing two years of uninterrupted on-time payment.\n",{"question":417,"answer":418},"Can a landlord sue the guarantor without first suing the tenant?","Yes, in most cases — if the guaranty includes an independent obligation clause and a waiver of the right to require the landlord to proceed against the tenant first. This is standard in commercial lease guaranties and means the landlord can pursue the guarantor directly and immediately upon tenant default, without waiting for a judgment against the tenant. Guarantors who want to limit this exposure should negotiate a notice-and-cure period and, where permitted, retain the right to require the landlord to first demand payment from the tenant.\n",{"question":420,"answer":421},"Does a lease guaranty survive a lease assignment?","Whether the guaranty survives a lease assignment depends on the specific language of the guaranty. If the guaranty covers the lease and all approved assignments without limit, the guarantor may remain liable for the successor tenant's obligations. Guarantors should negotiate a clause providing that the guaranty terminates automatically upon an approved lease assignment to a creditworthy successor, and should request a written release from the landlord whenever the lease is assigned.\n",{"question":423,"answer":424},"What is a 'good guy' clause in a lease guaranty?","A good guy clause caps the guarantor's liability at the date the tenant vacates the premises, gives written notice of surrender, and is current on all rent and obligations through that date. Once those conditions are met, the guarantor is released from liability for future rent and obligations — even if the lease term has not expired. Good guy clauses are most common in New York City commercial leases and give the guarantor a clear exit strategy that is not available under a standard full guaranty.\n",{"question":426,"answer":427},"Is a personal lease guaranty enforceable against the guarantor's personal assets?","Yes. A personal guaranty is specifically designed to reach the guarantor's personal assets — bank accounts, real estate, and other property — beyond the tenant entity. This is the primary reason landlords require a personal guaranty from a business owner: it bypasses the limited liability protection of an LLC or corporation. Guarantors should understand that signing a personal guaranty effectively waives the liability shield their business structure would otherwise provide.\n",{"question":429,"answer":430},"Can a lease guaranty be released before the lease expires?","A guaranty can be released early only with the landlord's written consent or if the guaranty itself contains a burn-off, cap, or termination trigger that has been satisfied. Landlords are not required to release guarantors early unless the guaranty document specifically provides for it. Guarantors seeking early release should negotiate burn-off conditions at the time of signing, as landlords rarely agree to voluntary early releases once the lease is in place.\n",{"question":432,"answer":433},"Do I need a lawyer to sign a lease guaranty?","For standard commercial lease guaranties, using a well-drafted template reviewed by a real estate attorney is advisable — particularly for guarantors assuming more than 12 months of rent exposure. The legal and financial stakes are significant: a personal guaranty on a five-year commercial lease can represent hundreds of thousands of dollars of personal liability. Attorney review typically costs $300–$600 and is worthwhile for any guaranty covering more than $50,000 of exposure or containing broad waiver-of-defenses language.\n",[435,439,443,447],{"industry":436,"icon_asset_id":437,"specifics":438},"Retail","industry-retail","Retail landlords almost universally require personal guaranties from small business owners signing multi-year leases, particularly for flagship or anchor locations with significant tenant improvement allowances.",{"industry":440,"icon_asset_id":441,"specifics":442},"Food and Beverage","industry-food-beverage","Restaurant leases typically involve significant landlord investment in build-out and long terms of 5–10 years, making full personal guaranties from operators standard — and burn-off provisions difficult to negotiate.",{"industry":444,"icon_asset_id":445,"specifics":446},"Professional Services","industry-professional-services","Law firms, accounting practices, and consulting firms often provide corporate guaranties backed by the managing partners personally, particularly when the leasing entity is a professional corporation with limited capitalization.",{"industry":448,"icon_asset_id":449,"specifics":450},"Technology and SaaS","industry-saas","Early-stage tech companies frequently face personal guaranty requirements from founders for office leases, with burn-off provisions tied to funding milestones or revenue thresholds replacing the guaranty once the company demonstrates financial stability.",[452,455,459,463],{"vs":89,"vs_template_id":453,"summary":454},"commercial-lease-agreement-D1175","The commercial lease agreement is the primary contract between landlord and tenant defining rent, term, and use. A guaranty of a lease is a separate, ancillary document in which a third party agrees to back the tenant's obligations under that lease. The two documents are executed together but serve entirely different legal functions — one creates the tenancy; the other secures it.",{"vs":456,"vs_template_id":457,"summary":458},"Security Deposit Agreement","D{SECURITY_DEPOSIT_AGREEMENT_ID}","A security deposit is a fixed cash amount held by the landlord to cover limited losses — typically one to three months' rent. A lease guaranty is an ongoing promise by a creditworthy third party to cover unlimited or capped obligations for the full lease term. Guaranties provide broader and more durable protection than a deposit, but require a willing guarantor and may be subject to legal challenge if poorly drafted.",{"vs":460,"vs_template_id":461,"summary":462},"Personal Guarantee (General)","personal-guarantee-D1224","A general personal guarantee can back any business obligation — a loan, a vendor contract, or a line of credit. A guaranty of a lease is specifically structured for real property lease obligations, incorporating lease-specific concepts like holdover, surrender, restoration costs, and operating expense escalations. Using a general guarantee form for a lease often leaves material lease obligations uncovered.",{"vs":464,"vs_template_id":465,"summary":466},"Indemnity Agreement","indemnification-agreement-D13682","An indemnity agreement requires one party to compensate another for defined losses arising from a specific event or condition. A lease guaranty is broader — it is an ongoing, unconditional backstop for the full range of a tenant's lease obligations, not limited to a defined category of loss. Indemnity agreements are reactive; a lease guaranty is proactive security for the full term.",{"use_template":468,"template_plus_review":472,"custom_drafted":476},{"best_for":469,"cost":470,"time":471},"Short-term leases under 24 months or low-value leases where guaranty exposure is under $25,000","Free","20–30 minutes",{"best_for":473,"cost":474,"time":475},"Commercial leases over 24 months, any personal guaranty with exposure exceeding $50,000, or leases with broad waiver-of-defenses language","$300–$600","2–5 business days",{"best_for":477,"cost":478,"time":479},"High-value commercial leases, multi-location corporate guaranties, regulated industries, or guaranties involving cross-border or multi-jurisdictional enforcement","$1,000–$3,500+","1–2 weeks",[481,486,491,496],{"code":482,"name":483,"flag_asset_id":484,"note":485},"us","United States","flag-us","Lease guaranty enforceability is governed by state law and varies significantly. California courts scrutinize waiver-of-defenses clauses and may limit enforcement of guaranties that were modified without guarantor consent. New York recognizes 'good guy' clauses as a standard commercial practice. Several states require guaranties to be in writing and signed by the guarantor to be enforceable under the Statute of Frauds. The FTC's new rule on personal financial liability disclosures may affect how guaranty terms are presented in franchise contexts.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"ca","Canada","flag-ca","In Canada, lease guaranties are governed by provincial law under general contract and guarantee statutes. Ontario's Limitations Act sets a two-year limitation period on guarantee claims from the date the landlord knew or ought to have known of the default. Quebec's Civil Code treats guaranties (called suretyships) differently from common-law provinces — the surety has the right to require the creditor to first pursue the debtor. British Columbia and Alberta require guaranties to be written and executed with consideration.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"uk","United Kingdom","flag-uk","In England and Wales, lease guaranties must comply with the Landlord and Tenant (Covenants) Act 1995, which limits the ability to bind former tenants or original guarantors to obligations arising after a lease assignment. Authorized Guarantee Agreements (AGAs) are the standard mechanism for preserving guarantor liability on assignment. Scottish law follows similar principles but under separate statutory provisions. Guaranties on commercial leases of over three years must be executed as deeds to be enforceable.",{"code":497,"name":498,"flag_asset_id":499,"note":500},"eu","European Union","flag-eu","EU member states treat commercial lease guaranties under national contract law, which varies considerably. French law requires a handwritten acknowledgment of the guaranteed amount for personal guaranties signed by individuals. German law distinguishes between a Bürgschaft (guaranty) and a Schuldbeitritt (assumption of debt), each carrying different rights for the guarantor against the landlord. Under GDPR, landlords collecting and processing personal financial data from individual guarantors must comply with applicable data protection requirements, including providing a privacy notice at the time of signing.",[502,503,504,505,502,506,507,508,509,510,511,512],"lease-agreement-D1179","personal-guarantee-D405","indemnification-agreement-D13016","landlord-consent-to-sublease-agreement-D13019","lease-termination-letter-D13724","promissory-note-D434","receipt-for-lease-security-deposit-D1199","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","service-agreement-D12711","certificate-of-corporate-resolution-D3",{"emit_how_to":200,"emit_defined_term":200},{"primary_folder":134,"secondary_folder":515,"document_type":516,"industry":517,"business_stage":518,"tags":519,"confidence":525},"guaranties-and-collateral","agreement","general","all-stages",[520,521,522,523,524],"lease","liability","contract","guaranty","landlord-tenant",0.95,"\u003Ch2>What is a Guaranty of a Lease?\u003C/h2>\n\u003Cp>A \u003Cstrong>Guaranty of a Lease\u003C/strong> is a legally binding agreement in which a third party — the guarantor — unconditionally promises to fulfill a tenant's obligations under a lease if the tenant defaults. The guarantor can be an individual business owner providing a personal guarantee or a parent corporation backing a subsidiary's lease obligations. Unlike the underlying lease, which creates the tenancy between landlord and tenant, the guaranty creates a direct, independent obligation running from the guarantor to the landlord — one the landlord can typically enforce without first exhausting remedies against the tenant. The document specifies the scope of the guaranteed obligations (rent, damages, restoration costs, attorney fees), the duration of the guaranty, any cap on the guarantor's liability, and the conditions under which the guaranty can be called upon or released.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly executed lease guaranty, a landlord leasing to a newly formed LLC or undercapitalized business has only the tenant entity to pursue if rent goes unpaid — and that entity may have no assets worth recovering. For landlords, a signed guaranty from a creditworthy individual or parent corporation transforms a high-risk lease into a secured transaction. For tenants and guarantors, a well-drafted guaranty with clear caps, burn-off conditions, and notice-and-cure rights limits personal exposure to a defined amount and provides a mechanism to exit the obligation once the tenant demonstrates financial stability. Disputes over informal or absent guaranty terms are among the most common and most expensive commercial lease litigation matters — the cost of a template or a brief attorney review is a fraction of what a contested guaranty enforcement action costs either party.\u003C/p>\n",1781185927839]