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Dimitry K., Esq.
Dimitry K., Esq., Attorney
Category: Landlord-Tenant
Satisfied Customers: 41220
Experience:  Licensed in multiple jurisdictions. Experienced Landlord-Tenant attorney.
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New jersey corporate business lease, personal guarantee over

Customer Question

new jersey corporate business lease, personal guarantee over ten years old.
is guarantee still enforceable?
Submitted: 6 months ago.
Category: Landlord-Tenant
Expert:  Dimitry K., Esq. replied 6 months ago.

Thank you for your question. I am a licensed New Jersey professional and will be happy to assist you with your concerns.

That depends on whether the lease was renewed or kept up to date. In general if a lease is in place, then the guarantee gets 'renewed' while the contract is valid, since each new payment for rent renews the terms. However if the lease was terminated, amended, or it has gone 'month to month' with changes from the original terms, then perhaps there is a basis to claim that the guarantee has expired. But in general and by default that guarantee is probably still binding.

Sincerely,

Dimitry, Esq.

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