Agreement of Personal Guaranty Real Estate

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Agreement of Personal Guaranty Real Estate

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AGREEMENT OF PERSONAL GUARANTY

 

ATTACHED TO AND MADE PART OF THIS LEASE AGREEMENT DATED _______________________, 20____ BETWEEN _____________________________ (“LANDLORD”) AND _____________________________. (“TENANT”)

 

The undersigned “Guarantor,” in consideration of the making of the foregoing Lease Agreement between Tenant and Landlord, does hereby unconditionally guarantee the payment of the rent by the Tenant and the performance by Tenant of all the financial duties and obligations under the Lease Agreement.

 

Guarantor also agrees that Landlord is not first required to enforce against Tenant or any other person any liability, obligation or duty guaranteed by this Agreement before seeking enforcement thereof against Guarantor. A lawsuit may be brought and maintained against the Guarantor by Landlord to enforce any liability, obligation or duty guaranteed by this Agreement without the necessity of joining the Tenant or any other person in the lawsuit.

 

It is expressly agreed and understood that Guarantor additionally and unconditionally guarantees the performance under the Lease of _____________________________ (TENANT).

 

EXECUTED to be effective as of the ____ day of ________________________ 20____.

 

GUARANTOR

 

SIGNATURE _____________________________

 

PRINT NAME _____________________________

 

 

 

ADDRESS __________________________________________________________

 

PHONE NUMBER _____________________________

 

EMAIL ADDRESS _____________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 


File Type: docx
Categories: Commercial Documents
Tags: Commercial Real Estate NDA, Real Estate
Agreement of Personal Guaranty Real Estate