Products tagged with 'north carolina commercial leasing'

Secure the obligations of a corporate lessee (tenant) with this North Carolina Guaranty of Commercial Lease.

Purpose of Guaranty

The Guaranty of Commercial Lease is given to the landlord by someone with a financial interest in the tenant's business, such as a shareholder, partner, or sole proprietor (the guarantor). It is intended to be an inducement to the landlord (lessor) to sign the lease.

Key Provisions

• The guaranty is absolute, unconditional and continuing. This means that the guarantor unconditionally promises to be responsible for the tenant's obligations under the lease, regardless of the circumstances, without any conditions or exceptions.
• The guaranty ensures payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the lessor in enforcing the terms of the lease.

Format and Jurisdiction

The Guaranty of Commercial Lease form is available in MS Word format and is fully editable and reusable. It is intended to be used only in the State of North Carolina.