Connecticut Guaranty of Commercial Lease
If you lease commercial space to business tenants in Connecticut, you should always have this Guaranty form signed at the same time as the lease.
- The Guaranty is unconditional and continuing.
- A director, shareholder, partner, or proprietor must sign as the guarantor.
- The execution and delivery of the Guaranty is a condition of the lease.
- The guarantor's obligation to pay the rent and perform the tenant's obligations under the lease will not be affected by the tenant's bankruptcy or insolvency.
- The guarantor agrees to pay the landlord's reasonable attorneys' fees and costs of enforcing the Guaranty.
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Last Updated: 14-April-2016