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hi everyone this is alan rozinski of metro manhattan office space good afternoon now anyone with experience signing a lease in new york city knows that most commercial landlords have a clause in the lease called a good guy guarantee a limited personal guarantee now any form of a personal guarantee is always intimidating and you should really try to avoid signing this however theres good reason for good guy guarantees and they really are pretty standard and theyre very little threat to commercial tenants so let me explain what they are what they mean what the implications are and why you shouldnt be too concerned what a good guy guarantee means is that you are promising the landlord that your company the entity that signs the lease is going to pay the rent at all times while they remain in the space and in the event that they break the lease that they leave early theyre going to be current on their rent so what youre guaranteeing on a personal level is that if your company stays in
