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    4184 - Sample Good Guy Clause PDF

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    tjjnyc
    This document is a sample personal guaranty agreement to be included as an exhibit to a lease. It contains the following key points: 1) The guarantor agrees to be personally liable for payment of rent and other charges owed by the tenant under the lease. 2) The guarantor's liability will continue until the tenant vacates the premises, surrenders keys to the landlord, provides 180 days notice of vacating, and pays all accrued rent and charges. 3) The guaranty is absolute, unconditional and a guarantee of payment rather than collection. The landlord and guarantor waive rights like notice of nonpayment. 4) The guaranty will remain in effect for

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    © All Rights Reserved
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    4184 - Sample Good Guy Clause PDF

    Uploaded by

    tjjnyc
    1K views1 page
    This document is a sample personal guaranty agreement to be included as an exhibit to a lease. It contains the following key points: 1) The guarantor agrees to be personally liable for payment of rent and other charges owed by the tenant under the lease. 2) The guarantor's liability will continue until the tenant vacates the premises, surrenders keys to the landlord, provides 180 days notice of vacating, and pays all accrued rent and charges. 3) The guaranty is absolute, unconditional and a guarantee of payment rather than collection. The landlord and guarantor waive rights like notice of nonpayment. 4) The guaranty will remain in effect for

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    4184_Sample Good Guy Clause.pdf

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    This document is a sample personal guaranty agreement to be included as an exhibit to a lease. It contains the following key points: 1) The guarantor agrees to be personally liable for payment of rent and other charges owed by the tenant under the lease. 2) The guarantor's liability will continue until the tenant vacates the premises, surrenders keys to the landlord, provides 180 days notice of vacating, and pays all accrued rent and charges. 3) The guaranty is absolute, unconditional and a guarantee of payment rather than collection. The landlord and guarantor waive rights like notice of nonpayment. 4) The guaranty will remain in effect for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views1 page

    4184 - Sample Good Guy Clause PDF

    Uploaded by

    tjjnyc
    This document is a sample personal guaranty agreement to be included as an exhibit to a lease. It contains the following key points: 1) The guarantor agrees to be personally liable for payment of rent and other charges owed by the tenant under the lease. 2) The guarantor's liability will continue until the tenant vacates the premises, surrenders keys to the landlord, provides 180 days notice of vacating, and pays all accrued rent and charges. 3) The guaranty is absolute, unconditional and a guarantee of payment rather than collection. The landlord and guarantor waive rights like notice of nonpayment. 4) The guaranty will remain in effect for

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

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    sAMpLE "GooD-Guy" cuARANTEtoHTi


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    (lneluded in the Lease as an Exhibit) ; nag$
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    ln order to induce the aforesaid Landlord to enter into thls Lease and for other valuable considerations, the receipts 'ue.1d
    whereof is hereby acknowledged, . (the "Guarantor") hereby makes the following guaranty and
    agreement with and in favor of Landlord and hs respective legal representations and assigns. The following personal
    guaranty, made for the benefit of the Tenant, is the only provision of the Lease to which the Guarantor is personally
    liable, unless provided elsewhere in the Lease, as all other provisions, clauses and terms of this Lease are binding
    upon the Tenant.

    The undersigned guarantees to Landlord, its successors and assigns, that he/she shall pay to Landlord all RenL
    Additional Rent and all other charges that has accrued under the terms of the Lease, (hereinafter collectively referred
    to as "Accrued Renf), to the latest date that Tenant and its assigns and sublessees, if any, shall have completely
    performed all of the following:

    A. Vacated and surrendered the Premises to Landlord pursuant to the terms of the Lease, and

    B. Delivered the [eys to the Premfs,es to Landlord, and


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    A. Provided Landlord with 180 days prior notice sf the date Tenant shall vacate the Fremises.

    D. Paid to Landlord all Aecrued Rent to and including the date which is the later of (a) the surender of the
    premises, or (b) receipt by Landlord of the keys to the Premises.

    E. This guarantee is absolute and unconditional and is a guarantee of payment and not of collection. Thg
    .parties hereto walve. all notice oJ non-panent, non-perforrnance, non-ebservance or proof, or, notige, or demand,
    whereby to c-harge the un-{ersigngd itreiefore, all of whish the r.rndersigneid expressly waive and expressly agree that
    lhe validity qf this Agreemgnt, and the obligation of the.Guarantgrs'hereto shall in no wise'be terminated, affected or
    irnpaired by reason of the assertion by Landlord against Tendrit 9f aly of the rights or remedies reserved to Landlord
    pursuant to the, performance. of the within Lease. The under-signed further covenants and agrees that this guarantee
    shall remain and continue in full force and effect, as to any rqnewal; modification-or extension of the Lease and during
    any period when Tenant is occupying the premises as a *statutory tenant". As a further indueement'to Landlord to
    make this Lease and in qonsideration thereof, Landlord and the under-signed covenant and Agree that in any action or
    proceedinE brought by either Landlord orr the undersigned against the other on any matters whatsoever arising out of,
    under, or by virtue of the terms of this Lease or of this guarantee that Landlord and the undersigned shall and do
    hereby waive trial by jury. This guaranty shall not be affected by any assignment of the Lease unless Owner has given
    its approvat.

    F. This guarantee shall be construed in accordance with the Laws of the State of New York.

    G. ln the event of assignment of Lease by Tenant with Landlord's consent, this guarantee shall cease
    upon delivery of an original copy of assignment to Landlord and provided the assignee executes a guarantee the same
    in form and nature to the instant guarantee.

    ln witness wheresf the undersigned has set his hand this _ day ot .2A.

    By; SS#:
    Name: Address:

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