Common Contracts
1 similar Guaranty of Payment of Rent contracts
GUARANTY OF PAYMENT OF RENTGuaranty of Payment of Rent • November 17th, 2011
to (Tenant) for a term of twelve 12) months, for the sum of $ per month, the undersigned, jointly and severally guarantees the timely performance of all terms and the payments of all sums which may become due under the lease dated August 27th , 2009 and include all subsequent renewals and/or extensions. The Guarantor(s) acknowledge(s) receipt of a copy of the Lease and agree(s) that the Guarantor(s) and Tenant(s) will be jointly and severally liable for any and all sums which become due as a result of the tenancy. The liability of the Guarantor(s) shall be directly and not contingent upon Landlord seeking any remedies against the Tenant. This is a guarantee of performance and payment, and not merely a guarantee of collection. As such, Landlord need not exhaust its remedies against Tenant before seeking recovery from Guarantor, and may proceed immediately against Tenant and/or Guarantor upon any breach of the Lease. The Guarantor(s) expressly waives notice of Tenant’s default of the Lea
