Personal Lease Guaranty Was Ambiguous
Facts: A coffee shop tenant signed a lease for space in a strip mall, and signed a personal guaranty, promising that he would be financially responsible if the lease were defaulted on. The tenant later sold the coffee shop. When the new coffee shop tenant stopped paying rent, the owner sought payment from the guarantor. A district court agreed with the owner that the guarantor was responsible for the rent. The guarantor appealed.
Decision: A Minnesota appeals court upheld the lower court’s decision.