Ground Lease Completion Guaranty (Pro-Landlord) | Practical Law

Ground Lease Completion Guaranty (Pro-Landlord) | Practical Law

A form of completion guaranty agreement, favoring the ground lessor (landlord), to use when a guarantor unconditionally guarantees a ground lessee's (tenant's) obligations for a finite period. In this Standard Document, the guaranteed obligations include tenant's build-out and other monetary and non-monetary obligations. While ground completion guaranty agreements are generally governed by state law, this jurisdictionally neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and guarantors.

Ground Lease Completion Guaranty (Pro-Landlord)

Practical Law Standard Document 6-560-5826 (Approx. 21 pages)

Ground Lease Completion Guaranty (Pro-Landlord)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A form of completion guaranty agreement, favoring the ground lessor (landlord), to use when a guarantor unconditionally guarantees a ground lessee's (tenant's) obligations for a finite period. In this Standard Document, the guaranteed obligations include tenant's build-out and other monetary and non-monetary obligations. While ground completion guaranty agreements are generally governed by state law, this jurisdictionally neutral template is useful and relevant in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and guarantors.