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Sublease Guarantee

Sublease Guarantee

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Published by SAtAN
Business & Legal Templates
Business & Legal Templates

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Published by: SAtAN on Aug 16, 2011
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04/15/2013

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Sub-Lease Guarantee
Date:
[Date]
To:
[Name of Guarantor]
From:
[Owner/Founder][Company]
Subject:
Sublease Guarantee
 ________________________________________________________________________ Attached is a “Sublease Guarantee” enabling us to sublease the [office/warehouse/equipment] to[Sublessee name].As we discussed, you won't be responsible unless the sublessee fails to pay the rent.I believe that it embodies everything we discussed.Please read the agreement carefully.We recommend that you also have it reviewed by your own qualified legal counsel.Time is of the essence.Please sign and return it to me asap.Thank you very much!1
 
From JIAN
NOTICE:
We wish we could provide an agreement that was tailored
exactly
to your business. While this isnot always possible, we feel that we've come very close and that this document provides youwith the head-start that you need to get your deal moving. Nevertheless, we must make thisdisclaimer:
Do Not Use This Agreement 'As-Is.'
This Agreement Is Not Legal Advice.
Read it Thoroughly and Make All Appropriate Changes to Fit Your Requirements.
 You Should Have this Agreement Reviewed and Approved by aQualified Attorney at Law Before Using It.
JIAN Accepts No Liability for the Effectiveness of This Document For Your Purposes.
Free Access to Attorneys, Accountants & Consultants in Your Area
We’re building a network of business experts who are eager to help you when you need it. Theycan review your work, make suggestions, handle unique situations and introduce you toinfluential people. On our website you can search by expertise and location, then e-mail or jumpstraight to their website. Although they are professionals and charge for their services, most offer an initial consultation free of charge. They’re in your area and you can contact them directly.
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Editing Your Sample Contract
Since this entire agreement is formatted in Word, you can edit it like any other Word document.You can jump from variable to variable by clicking the above
ßà
green arrows (JIAN Menu)which will take you forward / backward and highlight the entire sample text identified within the“[ ]” brackets – simply edit / type-over with your information.To make sure your have filled in all the variables, use Word’s ‘FIND’ function to locate any “[ ]”which may contain an unedited variable.
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Upon completion, delete any unnecessary blank lines that remain.
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2
 
 
Sub-Lease Guarantee
Effective Date:
[Date]
 by
[Name of Guarantor]
, (“Guarantor”)residing at [Address of Guarantor]in favor of 
[Company Legal Name]
, (“Sublessor”)a [State] [Corporation / Partnership / Sole Proprietorship]located at [Address],[City], [State] [Zip Code]
1.General
The Sublessor has entered into a sublease (the “Sublease”) with [Name of Sublessee](“Sublessee”), dated [Month, Day, Year] whereby the Sublessee has subleased from theSublessor approximately [Number of square feet] square feet situated in that certain buildingcommonly known as [Building Name], in [City and State] and more particularly described in theSublease as the Premises (the “Premises”).The Sublessee is and will be subject to certain obligations, Agreements, duties and covenantsunder the Sublease (collectively “Sublessee’s Obligations”).The Sublessor has requested that the Guarantor guarantee to the Sublessor the performance of allof the Sublessee’s Obligations and, but for the Guarantor’s Agreement to so guarantee theSublessee’s Obligations, the Sublessor would not enter into the Sublease.It is the intent of the Guarantor that the Guarantor shall be subject at all times to this guarantyand be and remain liable to the Sublessor to the same extent as if it were jointly and severallyliable with the Sublessee for the full performance of all the terms, conditions and provisions of the Sublease.For good and valuable consideration, and as a material inducement to and in consideration of theSublessor entering into the Sublease with the Sublessee, the Guarantor agrees as follows:
2.Continuing Guarantee
The Guarantor absolutely and unconditionally guarantees to the Sublessor, its successors andassigns, the full and prompt performance of all of the Sublessee’s Obligations including but notlimited to the payment when due of all rents, charges and additional sums coming due under theSublease, and the performance of all covenants and Agreements of the Sublessee contained in theSublease. The Guarantor further unconditionally guarantees the full and prompt payment of alldamages that may arise or be incurred by the Sublessee's failure to perform any of the Sublessee'sObligations.The Guarantor further unconditionally agrees to pay all expenses, including attorney fees and3

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