Expanding the Scope of Good Guy Guarantees

, New York Real Estate Law Reporter

   | 0 Comments

Good Guy Guarantees are designed to ensure that defaulting commercial tenants leave the premises promptly, avoiding loss of rental income to landlords. However, in 'Bri Jen Realty Corp. v. Altman', the Second Department construed a Good Guy Guarantee to hold a guarantor liable for rent for 11 months after tenant surrendered the premises.

This premium content is reserved for New York Law Journal subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202780525700

Thank you!

This article's comments will be reviewed.