Secure the obligations of a corporate tenant under a commercial lease in the State of Utah with this Guaranty of Commercial Lease.
- The guaranty is unconditional and continuing.
- The guarantor is someone who has a financial interest in the tenant business, such as a shareholder, partner, or proprietor.
- A guarantee of this type is typically required as an inducement to the lessor â„ 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.
This Utah Guaranty of Commercial Lease
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Last Updated: 14-April-2016