Don't Let Guarantor Get Burned by Rent Acceleration Clause

October 28, 2008
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If your lease contains a rent acceleration clause, the owner's enforcement of it could put your guarantor on the hook for a large amount of rent, says New York City attorney Nancy A. Connery. A personal guaranty could hit an individual guarantor particularly hard.

There are two common ways that a guarantor can get burned by a rent acceleration clause:

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