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Posts Tagged ‘personal guaranty’

Personal Guaranty Issues in a Retail Lease

Read the fine print of a lease carefully

What are the issues of signing a personal guaranty in a retail lease? Personal guarantees allow a landlord of a retail lease to have individuals guaranty the financial obligations of the tenant in the lease. It is another means that a retail landlord has of ensuring payments from the tenant. What should the guarantors be concerned about when signing a personal guaranty?

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Top Ten Terms To Negotiate in a Retail Lease

commercial lease agreement

1.  CAM/Operating Expenses – How will they be calculated? How much will they go up each year? Most, if not all, retail leases will require the tenant to pay its proportionate share of operating expenses as additional rent, in addition to the base rent.  However, what is included in those operating expenses and how they…

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What is a Confession of Judgment Clause in a Commercial Lease?

If you are entering into a lease in Pennsylvania, you most likely encounter a clause in the lease (in bold and all caps) called “Confession of Judgment”.  There are typically two types of Confession of Judgment clauses – one for rent, and one for possession. Confession of Judgment for Rent – this clause states that…

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Tips Before You Sign a Retail Lease

Before you sign a lease as a tenant of a shopping center or mall lease, there are some very important tips to keep in mind. 1.  Personal guaranty.  This is a very critical issue. The landlord would like to keep you as a personal guarantor of the lease for the entire term of the lease…

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