Guarantors on a Retail Lease
I am attempting to get a lease signed as the tenant but have come accross a slight hurdle. There is a component to the guarantee section that forces the guarantor to be liable for the life of the lease, which basically will continue to exist once I sell the business, sublease or turn the space over to a different business. Some have said this is standard and I`ll need to negotiate this point with the new tenant. However my attorney said this is a bad idea and needed it removed. I would greatly appreaciate any comments on this topic. Thanks. TripleDraw2008-8-6 12:41:36
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