Legal Question in Real Estate Law in New York
Hi. I am moving into a commercial space and the lease is with my company. The landlord has a personal guarantee clause in the lease. Would I be liable to pay the remainder of the term of the lease should I either move my location or close the business? Thank you.
Asked on 3/03/11, 10:04 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
It depends on the language in the lease.
Mike.
Answered on 3/03/11, 1:49 pm
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