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Guarantee Of Rental Under Lease(In many commercial uses, the tenant is a corporation and does not have any significant assets. In this case, the landlord may want to get a personal guarantee from the shareholders or officers of the corporation.) GUARANTEE OF LEASE [Name] Landlord, referred to as LANDLORD, [Name] Tenant referred to as TENANT, and [Name] Guarantor, referred to as GUARANTOR, agree: In consideration of the lease of premises by LANDLORD to TENANT, GUARANTOR shall guarantee the prompt payment and payment of all liabilities arising out of that certain lease agreement dated _____________, 20 __, between LANDLORD and TENANT, related to premises known as: Unit ____, Building _____, Lot ____, Block ____, Premises Acres ____ By this agreement GUARANTOR agrees that upon failure to pay any obligation related to the lease, that the GUARANTOR, upon demand, shall immediately pay the same, in full. However, it is agreed that the total limit of GUARANTOR's liability shall be $------ (dollars) exclusive of interest thereon and costs of collection. This GUARANTEE will apply to any renewals or extensions of this lease. This is the entire agreement between the parties and the same may only be changed in writing. Dated: _____________. ____________________________ Landlord ____________________________ Tenant ____________________________ Guarantor
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