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

State:
Multi-State
County:
Pima
Control #:
US-OL4A024BC
Format:
Word; 
PDF
Instant download

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.

Lima, Arizona is a county located in the southern part of the state. It is known for its scenic landscapes, rural charm, and rich Native American history. Lima Arizona is home to various provisions of guaranty stating that it is unaffected by any waiver or forbearance by the landlord. These provisions ensure that the terms and conditions of the agreement remain intact, even if the landlord chooses to waive certain rights or delay enforcement actions. One type of Lima Arizona Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is the Non-Waiver Clause. Under this provision, the guarantor guarantees the tenant's obligations without any regard to the landlord's waivers or forbearance. This means that if the landlord temporarily waives the tenant's late payment fees or extends rent due dates, the guarantor's obligation to ensure payment remains unchanged. Another type of provision is the No-Forbearance Clause. This clause states that even if the landlord chooses to temporarily forbear from enforcing certain obligations or remedies against the tenant, it will not release the guarantor from their obligations. The guarantor remains liable for the tenant's obligations irrespective of any leniency or delay granted by the landlord. Furthermore, Lima Arizona provisions of guaranty may also include language specifying that any waiver or forbearance granted by the landlord is limited to the specific instance and does not create a precedent or establish a course of dealing. This ensures that any acts of compassion or leniency by the landlord do not set a new standard or weaken the guarantor's liability. In summary, Lima, Arizona provisions of guaranty maintain that they are unaffected by any waiver or forbearance by the landlord. These provisions come in different types, such as non-waiver clauses, no-forbearance clauses, and acknowledgment of limited discretion clauses. It is essential for both landlords and guarantors to understand these provisions to ensure clear communication and legal protection in their agreements.

Lima, Arizona is a county located in the southern part of the state. It is known for its scenic landscapes, rural charm, and rich Native American history. Lima Arizona is home to various provisions of guaranty stating that it is unaffected by any waiver or forbearance by the landlord. These provisions ensure that the terms and conditions of the agreement remain intact, even if the landlord chooses to waive certain rights or delay enforcement actions. One type of Lima Arizona Provision of Guaranty Stating that it is Unaffected by Any Waiver or Forbearance by Landlord is the Non-Waiver Clause. Under this provision, the guarantor guarantees the tenant's obligations without any regard to the landlord's waivers or forbearance. This means that if the landlord temporarily waives the tenant's late payment fees or extends rent due dates, the guarantor's obligation to ensure payment remains unchanged. Another type of provision is the No-Forbearance Clause. This clause states that even if the landlord chooses to temporarily forbear from enforcing certain obligations or remedies against the tenant, it will not release the guarantor from their obligations. The guarantor remains liable for the tenant's obligations irrespective of any leniency or delay granted by the landlord. Furthermore, Lima Arizona provisions of guaranty may also include language specifying that any waiver or forbearance granted by the landlord is limited to the specific instance and does not create a precedent or establish a course of dealing. This ensures that any acts of compassion or leniency by the landlord do not set a new standard or weaken the guarantor's liability. In summary, Lima, Arizona provisions of guaranty maintain that they are unaffected by any waiver or forbearance by the landlord. These provisions come in different types, such as non-waiver clauses, no-forbearance clauses, and acknowledgment of limited discretion clauses. It is essential for both landlords and guarantors to understand these provisions to ensure clear communication and legal protection in their agreements.

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