Norris McLaughlin & Marcus, P.A.

Blogs > NJ Real Estate Dispute

Lease Guarantees

Jan 07, 2014

What Good Is a Good Guy Guarantee?

One of the negotiating points of any lease deal is whether the tenant will personally guarantee the lease.  Many small start-up businesses are quickly formed with little capital. If the tenant’s business fails, the landlord is left to try and relet the space and maybe pursues the tenant for damages. I say “maybe” only because in many instances pursuing the breaching judgment-proof tenant is an exercise in futility.» Read More

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