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Guaranty or Guarantee of Payment of Rent Oklahoma Form

Guaranty or Guarantee of Payment of Rent Oklahoma Form

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a least guarantee is a promise by somebody to pay the obligations under the lease separate from the signatory to the lease so this typically will happen where a business owner will lease premises in a shopping center the business will sign a lease and the landlord of the shopping center will demand that the business owner himself personally signed a promise that it will pay for what's out in the lease in case the business doesn't pay those are very risky documents to sign sometimes because sometimes the business owner many years later will sell the business and forget that it had this guarantee and if the new buyer years later breaches the lees the shopping center own or the landlord sometimes will come after the guarantor so the business owners often have to be very careful to revoke the guarantee you

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