Guaranty Must Be 'Continuing' to Create Obligation Past Initial Terms

Facts: A retail tenant signed a lease with one three-year renewal option. The landlord required a guaranty in order to move forward with the deal. After the initial lease term and renewal were complete, an amendment extended the option to renew for five years and increased the amount of rent. There were two more lease renewals not originally specified in the original lease. The guarantor didn’t sign any of these modifications.

Full Article Access:

Full access to complete articles from Commercial Lease Law Insider is for subscribers only.

Not yet ready to subscribe?