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Personal Guarantee on Business Lease — Company Failed, Landlord Suing Me

Started by personal_guarantee_trap · Jul 2, 2022 · 7 replies
For informational purposes only. This is not legal advice.
PG
personal_guarantee_trapOP

Looking for advice on this situation. Personal Guarantee on Business Lease - Company Failed, Landlord Suing Me Any guidance would be greatly appreciated.

Details: I'm in a situation where I need to understand my legal options. Has anyone dealt with something similar?

CL
CA_LandlordAttorneyAttorney

The enforceability of this clause depends heavily on your state's law and the specific language used. I'd recommend having an attorney review the exact wording before taking action.

FT
frustrated_tenant_sf

The enforceability of this clause depends heavily on your state's law and the specific language used. I'd recommend having an attorney review the exact wording before taking action.

WO
waiting_on_wages

The UCC governs sale of goods contracts; common law governs services. The rules are different. Make sure you're looking at the right framework for your situation.

RC
RealEstateLaw_ChenAttorney

The enforceability of this clause depends heavily on your state's law and the specific language used. I'd recommend having an attorney review the exact wording before taking action.

WO
waiting_on_wages

In my experience, most contract disputes settle before trial. The key is having strong documentation of the original agreement and any modifications. Email trails are your best friend.

KM
KellyMartinez_ModModerator

Good discussion. Tagging this for the resource library.

PG
personal_guarantee_trapOP

Update: Thanks everyone for the guidance. I consulted with an attorney and we're moving forward. The advice here helped me understand what questions to ask and what to expect. Will update when there's a resolution.

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