Florida Guaranty of Commercial Lease
Do you lease commercial space to business tenants in Florida? Always get a Guaranty of the lease executed at the same time that the lease is signed.
- This is an unconditional and continuing guarantee given by a shareholder, partner, proprietor or other person or firm that has a financial interest in the business of the tenant.
- The guarantor's obligations under the Guaranty are not affected by the bankruptcy, reorganization or insolvency of the tenant.
- The landlord has the right to take legal action against the guarantor without having commenced any action against the tenant.
The Florida Guaranty of Commercial Lease is a digital download that you can re-use for each new tenant.