570 Yonkers Avenue, Yonkers, NY 10704   Tele: (914) 965-1011  Fax: (914) 965-0019
James G. Dibbini & Associates, P.C.
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Personal Guaranty


When drafting a commercial lease, it is important for landlords to include a personal guaranty provision because it protects the landlord in the event the tenant stops paying rent.

Limited/ Good Guy Guaranty
  • A limited personal guaranty is a lease provision that only holds the guarantor liable for the rent obligations under the lease up until a certain time period. A good guy guaranty is a type of limited personal guaranty that only holds the guarantor liable until the date the tenant surrenders the leased property, instead of being liable for the entire lease period. Such a guaranty serves to protect landlords from costly litigation against non-paying tenants because it motivates non-paying tenants to vacate the premises immediately in order to avoid being personally liable for any additional rent payments.

Unlimited Guaranty
  • An unlimited personal guaranty makes the guarantor, usually the business owner, personally liable for any lease payments that the business fails to pay.

James G. Dibbini & Associates, P.C. have over 20 years of experience drafting and negotiating commercial and residential leases.  We can draft and negotiate a lease that will protect you and your property if a problem arises. Call us today at (914) 965-1011 to get started in obtaining assistance with your new tenancy.

JAMES G. DIBBINI & ASSOCIATES, P.C.
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© Copyright - James G. Dibbini & Associates, P.C.- ATTORNEY ADVERTISING. This web site is designed to provide general information only and to help in the choice of appropriate legal counsel. The information contained herein should not be construed as legal advice. Legal jurisdictions differ on major and minor aspects of the law and each legal situation is unique; requiring that all legal situations be addressed with qualified legal counsel. Prior results do not guarantee a similar outcome. Submitting or receiving information or questions through this web site does not create an attorney client relationship. No attorney client relationship will exist unless you meet with one of our attorneys and sign a retainer agreement. Please do not submit any information that is case specific, personal or confidential. If you have legal problem or issue you should always consult with a qualified lawyer experienced in the appropriate area of law. We would be glad to discuss your specific situation with you, should you so desire, by phone at (914) 965-1011. 
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Our Office:
570 Yonkers Avenue, Yonkers, NY 10704
Tele: (914) 965-1011
Fax: (914) 965-0019


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