Virginia Guaranty of Commercial Lease
Before that business tenant takes possession of the premises, get a guaranty from an owner of the business to secure the payment and performance of the tenant's obligations with this Guaranty of Commercial Lease form for Virginia landlords.
- The guaranty is unconditional and continuing and will not be affected by any amendment to or extension or assignment of the lease.
- The guaranty is also not affected if the tenant becomes bankrupt or insolvent.
- The guarantor is primarily liable, which means that the landlord can take legal action against the guarantor even before commencing suit against the tenant.
Download the Virginia Guaranty of Commercial Lease and make sure to get a signed copy each time you lease to a new tenant.