This office lease guaranty states that the guarantor's obligations under this guaranty shall be unaffected by any discharge or release of the tenant, its successors or assigns, or any of their debts, in connection with any bankruptcy, reorganization, or other insolvency proceeding or assignment for the benefit of creditors.
Santa Clara County, located in California, is home to the city of Santa Clara. In the realm of legal matters involving guarantors and tenant discharge release or bankruptcy, there is a notable provision called the Santa Clara California Guarantor Waiver. This waiver is designed to protect the guarantor from being released from their obligations in a lease agreement due to the tenant's discharge release or bankruptcy. The Santa Clara California Guarantor Waiver acts as a safeguard for the guarantor, ensuring that their responsibilities as outlined in the lease agreement remain unaffected even if the tenant is discharged from their liabilities or declares bankruptcy. It prevents the tenant's situation from automatically releasing the guarantor from their obligations, enabling the landlord to continue holding the guarantor accountable. There may be different types or variations of the Santa Clara California Guarantor Waiver, each with its specific terms and conditions. For example, some waivers may include additional clauses addressing other scenarios where the guarantor may seek release from their obligations. It is important for both landlords and guarantors to fully understand the Santa Clara California Guarantor Waiver to ensure that they are aware of their rights and obligations. Consulting with a qualified attorney experienced in real estate law and lease agreements in Santa Clara County is highly recommended. Keywords: Santa Clara California, guarantor, waiver, tenant discharge release, bankruptcy, lease agreement, obligations, safeguard, liabilities, landlord, legal matters, real estate law.Santa Clara California Guarantor Waiver Which Avoids Release of Guarantor by Reason of the Tenant Discharge Release or Bankruptcy
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State:
Multi-State
County:
Santa Clara
Control #:
US-OL4A024BB
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How to fill out Santa Clara California Guarantor Waiver Which Avoids Release Of Guarantor By Reason Of The Tenant Discharge Release Or Bankruptcy?
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