Drafts unconditional guaranty agreements for commercial lease obligations, maximizing landlord protection with enforceable payment-and-performance guarantees. Use when securing personal or corporate guarantees alongside commercial leases, preparing continuing guaranty documents, or drafting guarantor waiver and liability provisions.
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Drafts unconditional guaranty agreements for commercial lease obligations, maximizing landlord protection with enforceable payment-and-performance guarantees. Use when securing personal or corporate guarantees alongside commercial leases, preparing continuing guaranty documents, or drafting guarantor waiver and liability provisions.
Drafts an unconditional guaranty of payment and performance for commercial lease obligations. Ensures enforceability by covering guarantor obligations, waivers, duration, remedies, and execution formalities.
Critical: State explicitly that this is a guaranty of payment, not collection. Landlord need not proceed against tenant first, exhaust security, or pursue other remedies before enforcing against guarantor. Guarantor's liability is primary, direct, and immediate.
If multiple guarantors, include joint and several liability language.
3. Enumerate Waivers
Draft each waiver separately:
All suretyship defenses (common law and statutory)
Right to require landlord to proceed against tenant first
Right to require landlord to mitigate damages
Presentment, demand, protest, notice of dishonor
Notice of acceptance and notice of default
Subrogation, reimbursement, indemnification, contribution (postponed until obligations indefeasibly satisfied)
Right to participate in landlord's security
Marshaling of assets
4. Set Duration
Scenario
Approach
Full term + renewals
Continues through extensions, renewals, holdovers without further consent
Initial term only
Terminates at expiration; guarantor liable for accrued and surviving obligations
Burn-off / declining
Reduction schedule tied to tenant performance milestones
