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  2. Good guy clause - Wikipedia

    en.wikipedia.org/wiki/Good_guy_clause

    The use of a Good Guy Clause allows a renter to be released from liability of the lease if a rental is terminated early, giving tenants less apprehension regarding signing a time bound lease, and satisfying the landlord's worries about reclaiming their space "in the same condition in which they would have been had the lease expired in ...

  3. Retail leasing - Wikipedia

    en.wikipedia.org/wiki/Retail_Leasing

    Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.

  4. Assignment (law) - Wikipedia

    en.wikipedia.org/wiki/Assignment_(law)

    However, it is possible to assign the lease, but the new party (assignee) will be subject to the lessor’s credit evaluation process and approval. Even if the assignee is approved, the existing lessee’s (assignor’s) personal guarantee(s), if any, might not be released unless the assignee’s credit stature is extremely strong.

  5. Pros and cons of unsecured business loans - AOL

    www.aol.com/finance/pros-cons-unsecured-business...

    For example, many lenders will want anyone with 20 percent to 25 percent ownership to sign a personal guarantee and be personally liable for repaying the debt. Alternatives to unsecured business loans

  6. Business loan personal guarantee: Read this before signing - AOL

    www.aol.com/finance/business-loan-personal...

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  7. How to get a small business loan without collateral

    www.aol.com/finance/small-business-loan-without...

    But the personal guarantee effectively voids that protection, allowing the lender to pass the liability onto you personally. The lender may also require a blanket Uniform Commercial Code (UCC ...

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