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.
Maricopa Arizona Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord In Maricopa, Arizona, a Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord serves as a crucial legal protection for both landlords and tenants. This provision aims to establish a clear understanding that any waivers or forbearance granted by the landlord to the tenant will not impact the guarantor's obligations. Here are a few different types of this provision that may exist: 1. Absolute Non-Waiver Clause: This provision unambiguously states that any waiver or forbearance granted by the landlord to the tenant does not affect the guarantor's responsibility to fulfill their obligations. It prevents the guarantee from being discharged or altered due to leniency shown by the landlord. 2. Continuing Guaranty Clause: This type of provision ensures that the guarantor's obligations extend throughout the entire lease term and any subsequent renewals or extensions. It clarifies that any waiver or forbearance during one lease period does not impact the guarantor's liability for the next lease term. 3. Limited Waiver Clause: In some cases, the landlord may choose to provide a limited waiver or forbearance to the tenant for specific breaches or delays. This provision clarifies that such concessions are narrow in scope and do not release the guarantor from their obligations for other aspects of the lease agreement. 4. Notice Requirement: Certain Maricopa Arizona provisions may include a notice requirement, meaning that the landlord must notify the guarantor in writing about any waivers or forbearance granted to the tenant. This ensures transparency and allows the guarantor to take appropriate action if needed. 5. Severability Clause: This type of provision protects the guarantor's obligations in the event any part of the Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is deemed invalid or unenforceable. It allows the remaining provisions to remain intact and enforceable. It is important to include such provisions in lease agreements to protect the landlord's right to hold the guarantor accountable, regardless of any leniency shown towards the tenant. This ensures that the guarantor's commitment to the lease agreement remains unaffected by any waivers or forbearance granted by the landlord.Maricopa Arizona Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord In Maricopa, Arizona, a Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord serves as a crucial legal protection for both landlords and tenants. This provision aims to establish a clear understanding that any waivers or forbearance granted by the landlord to the tenant will not impact the guarantor's obligations. Here are a few different types of this provision that may exist: 1. Absolute Non-Waiver Clause: This provision unambiguously states that any waiver or forbearance granted by the landlord to the tenant does not affect the guarantor's responsibility to fulfill their obligations. It prevents the guarantee from being discharged or altered due to leniency shown by the landlord. 2. Continuing Guaranty Clause: This type of provision ensures that the guarantor's obligations extend throughout the entire lease term and any subsequent renewals or extensions. It clarifies that any waiver or forbearance during one lease period does not impact the guarantor's liability for the next lease term. 3. Limited Waiver Clause: In some cases, the landlord may choose to provide a limited waiver or forbearance to the tenant for specific breaches or delays. This provision clarifies that such concessions are narrow in scope and do not release the guarantor from their obligations for other aspects of the lease agreement. 4. Notice Requirement: Certain Maricopa Arizona provisions may include a notice requirement, meaning that the landlord must notify the guarantor in writing about any waivers or forbearance granted to the tenant. This ensures transparency and allows the guarantor to take appropriate action if needed. 5. Severability Clause: This type of provision protects the guarantor's obligations in the event any part of the Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is deemed invalid or unenforceable. It allows the remaining provisions to remain intact and enforceable. It is important to include such provisions in lease agreements to protect the landlord's right to hold the guarantor accountable, regardless of any leniency shown towards the tenant. This ensures that the guarantor's commitment to the lease agreement remains unaffected by any waivers or forbearance granted by the landlord.
