Commercial Lease Agreement

Fill in the appropriate information. You're not bound to fill out everything at once. blank space is generally printed in the form that can be filled after, if you are missing information about the parties. You may also come back to the step page to fill out the missing informations.

Operating name is tenant’s business name that uses in its advertising. The tenant will not be allowed to carry on business under any other name.

A guarantor agrees to pay the landlord directly for any losses, when the tenant fail to pay rent or otherwise breach the lease agreement.

The liability of the guarantor is no more nor less than the liability of the person being guaranteed and only becomes effective once that person has failed in his obligations. So there is a need to look first to that person. There can be certain formalities such as being in writing for a guarantee to be enforceable.
An indemnity provides that the indemnifier will not lose money on the deal in question. There is no need to “look first” to anyone else to make good the debt or obligation. The landlord will always prefer an indemnity over a guarantee.