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Commercial Leases/Business Goodwill

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 1: Commercial leases

    • Title 5: Assignment of the lease

      • Chapter 1: Assignment of the lease

        • Section 4: Effects

          • II: Fate of guarantees

            • A: Guarantee

            • B: Substitution of collateral

322. Sure, please provide the text you need translated.

1 minute de lecture

In the event of a regular transfer of the leasehold right, the fate of the guarantor depends on the terms of the guarantee agreement. Thus, when under the terms of the lease, the assignor remains, in the event of its assignment, jointly liable for the payment of rent during the term of the contract, and by virtue of the guarantee deed, the guarantor has undertaken to pay the rent and charges in th …

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