What is a good guy clause in a commercial lease?

When negotiating a commercial real estate lease for office space, you may be asked by a landlord to agree to a 'good guy' guarantee. This 'good guy' guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.

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Washington Commercial Lease Package

King Washington Commercial Lease Package

Name: King Washington Commercial Lease Package
Brand: US Legal Forms
Rating: 4.68 (275 reviews)

Category:

Washington Landlord Tenant - Commercial Leases

State:

Washington

County:

King

Control #:

WA-P988LT-PKG

Format:

Instant download

Description

Landlord Tenant Documents for Commerical Property The King Washington Commercial Lease Package is a comprehensive set of documents and agreements specifically designed for commercial lease transactions in the King Washington area. This package provides all the necessary templates and forms required to facilitate the leasing process and ensure legal compliance. The King Washington Commercial Lease Package includes a variety of essential documents that cater to different aspects of the commercial leasing process. These documents are meticulously crafted and regularly updated to conform to the local regulations and guidelines, guaranteeing a smooth and hassle-free leasing experience. One type of King Washington Commercial Lease Package is the Standard Commercial Lease Agreement. This document lays out the terms and conditions of the lease, such as the rental price, lease duration, maintenance responsibilities, and any additional provisions specific to the King Washington region. It protects both the landlord and the tenant by clearly defining their rights and obligations. Another type of King Washington Commercial Lease Package is the Commercial Sublease Agreement. This agreement allows tenants who already lease a commercial space to sublease a portion or the entire property to another party. It sets out the conditions under which subleasing is permitted and governs the relationship between the primary tenant, the subtenant, and the landlord. Additionally, the King Washington Commercial Lease Package may include documents such as the Lease Application Form, which potential tenants must complete to provide their personal and business information, and a Personal Guaranty Form, wherein a third party guarantees the performance and payment obligations of the tenant in case of default. The package may also contain addendums or exhibits that address specific aspects of the lease, such as parking arrangements, modifications and improvements, or any restrictions and limitations imposed by local zoning laws. By utilizing the King Washington Commercial Lease Package, landlords and tenants have access to a comprehensive set of legal documents that simplify the leasing process while ensuring compliance with local regulations. Through its customizable templates and detailed instructions, this package streamlines the negotiation and execution of commercial leases, providing peace of mind to all parties involved.

The King Washington Commercial Lease Package is a comprehensive set of documents and agreements specifically designed for commercial lease transactions in the King Washington area. This package provides all the necessary templates and forms required to facilitate the leasing process and ensure legal compliance. The King Washington Commercial Lease Package includes a variety of essential documents that cater to different aspects of the commercial leasing process. These documents are meticulously crafted and regularly updated to conform to the local regulations and guidelines, guaranteeing a smooth and hassle-free leasing experience. One type of King Washington Commercial Lease Package is the Standard Commercial Lease Agreement. This document lays out the terms and conditions of the lease, such as the rental price, lease duration, maintenance responsibilities, and any additional provisions specific to the King Washington region. It protects both the landlord and the tenant by clearly defining their rights and obligations. Another type of King Washington Commercial Lease Package is the Commercial Sublease Agreement. This agreement allows tenants who already lease a commercial space to sublease a portion or the entire property to another party. It sets out the conditions under which subleasing is permitted and governs the relationship between the primary tenant, the subtenant, and the landlord. Additionally, the King Washington Commercial Lease Package may include documents such as the Lease Application Form, which potential tenants must complete to provide their personal and business information, and a Personal Guaranty Form, wherein a third party guarantees the performance and payment obligations of the tenant in case of default. The package may also contain addendums or exhibits that address specific aspects of the lease, such as parking arrangements, modifications and improvements, or any restrictions and limitations imposed by local zoning laws. By utilizing the King Washington Commercial Lease Package, landlords and tenants have access to a comprehensive set of legal documents that simplify the leasing process while ensuring compliance with local regulations. Through its customizable templates and detailed instructions, this package streamlines the negotiation and execution of commercial leases, providing peace of mind to all parties involved.

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FAQ

What can you do if you think your landlord is discriminating against you? You can file a complaint with the Washington State Human Rights Commission (WSHRC). You can call the WA HRC at 1-800-233-3247. Get more information and a complaint form: .

A good guy clause is a limited personal guarantee. The distinction between a good guy clause and a traditional/full personal guarantee is that in a good guy clause an individual's personal liability ends when the space is vacated.

1 Notably, unlike prior proclamations, the new bridge proclamation does not include restrictions on commercial properties, which expire on June 30, 2021.

You can sign your lease online with a legally binding electronic signature. Sign your lease document from your computer or mobile device for free with eSignature: the world's #1 way to sign electronically.

Yes, any commercial lease for a period of greater than one year must be notarized in the state of Washington in order for the document to be legally valid. In addition, any changes or alterations to the lease must also be notarized.

Does Your Contract Need Witnessing A Lease Agreement? A. No. The only purpose for a signature to a Contract being witnessed is that if there is a dispute as to whether or not a person has signed the Contract then the witness can provide appropriate evidence.

Under RCW 59.18. 210 , leases over 12 months must be notarized in order to be valid. Leases also restrict the landlord from increasing the rent or changing the rules of tenancy during the fixed term.

A good guy clause, typically found in rental agreements in New York City, is a provision that allows a tenant to be released from the liability of completing the agreed upon rental period, assuming the tenant vacates the rented space and leaves it in favorable condition.

Under RCW 59.18. 210 , leases over 12 months must be notarized in order to be valid. Leases also restrict the landlord from increasing the rent or changing the rules of tenancy during the fixed term.

When negotiating a commercial real estate lease for office space, you may be asked by a landlord to agree to a 'good guy' guarantee. This 'good guy' guarantee is a special type of personal guarantee that provides protection to landlords in the event a tenant goes into default or is otherwise unable to continue.

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Know what you're getting yourself into when you rent space for your business. Site selection and lease negotiations for occupiers of office, retail and industrial based on workplace and logistics strategies.Use our public data to populate listings on your brokerage's website. Finance , Insurance , and real estate . United States. Congress. House. Committee on the District of Columbia. Find commercial real estate services and property investment strategies. Commercial listings advertise retail stores, mixed-use buildings, multi-family properties or industrial facilities for sale and renovation. Matches 1 - 12 of 38 — Please package donations in a sealed box or a bag. Q: I'm completing recertifications for residents at my property.

You don't offer this service. A: No one can legally occupy your property for at least 1 year without a completed, signed recertification form. You must supply the landlord a completed, signed certification form, and you will be charged a fee of 150 with an additional 8 per recertification. Our certified inspectors are paid on an hourly basis when it is their turn to recertify. For inquiries concerning recertification forms, please call us at Q: Do you offer a mortgage loan for an owner-occupied property? A: Unfortunately, we do not. For more information, please call us. Q: How can I get a free or discounted real estate listing? A: Click here for a current listing. Please note that the list will not include all properties that could meet your needs.

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King Washington Commercial Lease Package

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