Louisiana Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord

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US-OL4A024BC
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Description

This office lease provision states that the guarantor's liability is not affected or impaired by any delay by or failure of the landlord in enforcing any of its rights or remedies under the lease or at law, or by any deferral, waiver, or release of the tenant's obligations under the lease or any forbearance by the landlord in exercising any of its rights and remedies or by any other action, inaction, or omission by the landlord. This guaranty is independent of any security or remedies which the landlord has under the law.

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FAQ

Can You Withhold Rent in Louisiana? The only case in which a tenant may withhold rent in Louisiana is under the repair and deduct statute.

This means that the premises must be safe to live in and not have any damages that would impact a person's health. Some examples of damage that might impact health include: mold growing in the home; broken or leaky windows; or.

A lease guarantee is a legal agreement between a landlord, a tenant, and a third party approved by the landlord. This third party is called a lease guarantor. Like a cosigner on a consumer loan, the lease guarantor agrees to be responsible if the tenant defaults on the rental agreement.

When it comes to a lease, the landlord cannot evict their tenant from the property in retaliation. This could make the tenant seek an attorney for help; in severe cases, these claims can go to a court in Louisiana.

Describe the personal guarantee language section, in which the tenant agrees to assume responsibility for the payment of rent and any other obligations under the lease. The Tenant hereby personally guarantees the full and prompt payment of all rent and other charges due under this Lease.

Louisiana landlord tenant law is different in many ways from most other states that have adopted the Uniform Residential Landlord & Tenant Act. This includes the implied warranty of habitability.

Landlords are responsible to make sure that properties leased for residential purposes are fit for habitability. This means that the premises must be safe to live in and not have any damages that would impact a person's health.

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Louisiana Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord