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Document Id : 6159
File Type : Microsoft Word
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Colorado Guaranty of Commercial Lease
Secure the obligations of a corporate tenant ⁄ lessee under a Commercial Lease in Colorado with this Absolute, Unconditional and Continuing Guaranty of Lease.
- The Guaranty is given by a principal of the tenant, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant's business.
- A guarantee of this type is required as an inducement to the lessor ⁄ landlord to sign the lease.
- The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
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