Arkansas Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a legal clause that protects a guarantor's obligations in a lease agreement despite any waiver or forbearance granted to the tenant by the landlord. This provision ensures that the guarantor's liability remains intact and unaffected regardless of any leniency or lenient actions taken by the landlord towards the tenant. In Arkansas, there are a few variations of the Provision of Guaranty that state its unaffected nature. These may include: 1. Arkansas Unaffected Guaranty Provision: This provision clearly states that any waiver or forbearance granted by the landlord to the tenant will not release or excuse the guarantor from fulfilling their obligations under the guaranty agreement. It emphasizes that the guarantor's liability remains unchanged despite any leniency shown to the tenant. 2. Arkansas Non-Waiver Provision in Guaranty: This clause in Arkansas specifies that the landlord's waiver or forbearance of the tenant's obligations does not release the guarantor from their responsibilities. It underscores that the guarantor is still held accountable for their contractual duties even if the landlord grants certain indulgences to the tenant. 3. Arkansas Continuity of Guarantor's Obligations Provision: This provision ensures that any waiver or forbearance provided by the landlord to the tenant will not affect the guarantor's obligations under the guaranty agreement. It establishes the guarantor's duty to fulfill their responsibilities regardless of any leniency shown towards the tenant by the landlord. It's important for landlords, tenants, and guarantors in Arkansas to understand and include such provisions in lease agreements to clearly outline the guarantor's continued liability regardless of any lenient actions taken by the landlord towards the tenant. Incorporating these provisions can help protect the interests and rights of all parties involved in a lease agreement.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.