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what is personal guarantee hi welcome back to our channel im nick zieger from murola real estate partners and we are commercial real estate agents specializing in tenant representation meaning we only represent commercial buyers and tenants as opposed to landlords and sellers so there arent any conflicts of interest we use our channel to create videos for business owners like yourself to help them become more prepared for their commercial real estate transactions and set them up for success if you are a commercial tenant you may have come across the term personal guarantee but what does that mean exactly in this video i am going to explain what a personal guarantee is and why landlords ask for them and provide you some tips on how you can navigate around them so to start a personal guarantee is an agreement thats signed with your lease which states that you will be personally liable if the business defaults or fails to carry out the responsibilities of the lease in other words you