Monday, August 16, 2010

What is a ';guarantee'; when signing a rental lease?

A guarantee means when the tenant default on payment, then the guarantor must pay. The landlord can sue the guarantor.What is a ';guarantee'; when signing a rental lease?
A very good friend that's also a broker told me once, '; there isn't a lease that can't be broken'; he thrived on leases and their contents. Don't ever count on a guarantee.

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