Affidavit Used as Evidence of Tenant's Personal Guaranty Default

September 27, 2010
| Share | Print

Facts: A tenant signed a lease for office building space. At the same time, the tenant also signed a personal guaranty, guaranteeing his rent obligations under the five-year lease. The tenant moved out of its office space a year before the lease term was to end, but the owner didn't relet the office to a new tenant.

It sued the tenant for all of the outstanding base rent and additional rent—totaling $42,571.84—that the tenant owed under the lease and had personally guaranteed. The owner asked the court for a judgment in its favor without a trial.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?