Guarantor Responsible for Tenant's Rent

February 22, 2009
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Facts: A guarantor personally guaranteed the obligations of a tenant under its lease for 18 months. The obligation included rent, taxes, and insurance. When the tenant vacated the premises without notice, the owner tried to enforce the guaranty. The guarantor admitted signing the guaranty, but denied that it owed money to the owner. It claimed that the lease was induced by fraud and misrepresentation, because prior to signing the lease, the owner allegedly had promised to provide the tenant and guarantor with a list of business referrals, but never did.

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