Legal Question in Real Estate Law in Florida
My son leased an aparment at his university housing. I was the guarantor. He completed the first lease and signed the second lease. According to the lease agreement, I am still the guarantor on any subsequent leases signed by him. Is there any was out of this? He does not have any $ to pay or anyone to lease. What are our options?
1 Answer from Attorneys
Notify the apartment complex in writing immediately that you are withdrawing your guaranty. Review the guaranty and see if it contains language on how to properly notify them. Even if there isn't any language on withdrawing the personal guaranty, notify them. It may provide a defense to enforcement of the guaranty. You should consult with an attorney to review your specific situation and facts to determine the proper course of action.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
