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.
The Delaware Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a legal clause that is often included in commercial lease agreements. This provision ensures that the guarantor's obligations under the lease remain unaffected and enforceable even if the landlord grants any waivers or forbearance to the tenant. In Delaware, there are different types of provisions related to the guarantee stating that it is unaffected by any waiver or forbearance by the landlord. Some common variations include: 1. General Delaware Provision of Guaranty: This is the standard provision used in commercial leases, emphasizing that any waiver or forbearance by the landlord will not release the guarantor from their obligations. 2. Limited Liability Delaware Provision of Guaranty: In some cases, the guarantor may limit the extent of their liability if the landlord waives or forbears certain rights or remedies. This provision outlines the specific circumstances under which the guarantor may be released or have their obligations reduced. 3. Personal Guaranty Delaware Provision: This provision focuses on the personal guaranty itself and stipulates that the guarantor's obligations are independent of any waivers or forbearance. It clarifies that even if the landlord agrees to waive certain obligations of the tenant, the guarantor remains fully liable for the entire lease agreement. 4. Corporate Guaranty Delaware Provision: In cases where a corporate entity acts as the guarantor, this provision highlights that any waivers or forbearance granted to the tenant will not release the corporation from its obligations. It ensures that the corporate guarantor remains accountable for the lease agreement, irrespective of any leniency afforded to the tenant by the landlord. The inclusion of a Delaware Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord provides protection for landlords, ensuring the guarantor's continued liability and preventing potential disputes or attempts to be released from the lease obligations. It is essential to consult with legal professionals familiar with Delaware real estate laws for proper guidance and drafting of this provision to avoid any ambiguities or loopholes.The Delaware Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is a legal clause that is often included in commercial lease agreements. This provision ensures that the guarantor's obligations under the lease remain unaffected and enforceable even if the landlord grants any waivers or forbearance to the tenant. In Delaware, there are different types of provisions related to the guarantee stating that it is unaffected by any waiver or forbearance by the landlord. Some common variations include: 1. General Delaware Provision of Guaranty: This is the standard provision used in commercial leases, emphasizing that any waiver or forbearance by the landlord will not release the guarantor from their obligations. 2. Limited Liability Delaware Provision of Guaranty: In some cases, the guarantor may limit the extent of their liability if the landlord waives or forbears certain rights or remedies. This provision outlines the specific circumstances under which the guarantor may be released or have their obligations reduced. 3. Personal Guaranty Delaware Provision: This provision focuses on the personal guaranty itself and stipulates that the guarantor's obligations are independent of any waivers or forbearance. It clarifies that even if the landlord agrees to waive certain obligations of the tenant, the guarantor remains fully liable for the entire lease agreement. 4. Corporate Guaranty Delaware Provision: In cases where a corporate entity acts as the guarantor, this provision highlights that any waivers or forbearance granted to the tenant will not release the corporation from its obligations. It ensures that the corporate guarantor remains accountable for the lease agreement, irrespective of any leniency afforded to the tenant by the landlord. The inclusion of a Delaware Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord provides protection for landlords, ensuring the guarantor's continued liability and preventing potential disputes or attempts to be released from the lease obligations. It is essential to consult with legal professionals familiar with Delaware real estate laws for proper guidance and drafting of this provision to avoid any ambiguities or loopholes.
