This guaranty of a lease template has 3 pages and is a MS Word file type listed under our real estate documents.
Sample of our guaranty of a lease template:
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
