Legal Question in Real Estate Law in New York
Commercial leases
Could you please explain a 1 year floating guaranty?
Asked on 10/18/06, 11:13 am
1 Answer from Attorneys
Peter Moulinos
Moulinos & Associates LLC
Re: Commercial leases
I would need more information to provide a response, but basically, a guaranty is something given by a third party to guarantee that the terms of the lease are obeyed by the lessee.
Feel free to contact me should you wish to discuss this further.
Kind regards,
Peter Moulinos
Answered on 10/18/06, 12:45 pm