Expanding the Scope of Good Guy Guarantees

, New York Real Estate Law Reporter

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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.

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