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A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the lender will ensure that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.
Show proof of consistent revenues and profits (PL statements, balance sheets, etc) Ask for an amendment to the lease after 12-24 months. Ask for the guarantee to expire after 12-24 months as long as you have paid rent payments on time. Try to renegotiate the guarantee terms.
Keeping the rental unit reasonably safe and clean, Disposing of his or her garbage and other wastes in a safe manner, Keeping all plumbing fixtures used by the tenant clean. Using all electrical, plumbing, heating, air-conditioning and other appliances in a safe manner.
A guarantee is an agreement through which an individual or legal entity undertakes to meet certain obligations, such as paying a third partys debt if the latter defaults.
The law requires the landlord to comply with building and housing codes materially affecting health and safety. The landlord must make all repairs and do whatever is reasonably necessary to put and keep the rental unit in a fit and livable condition.
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The landlord must adhere to all building codes, perform necessary repairs, maintain common areas, keep all vital services, such as plumbing, electricity, and heat, in good working order, must provide proper trash receptacles and must supply running water.
Guaranty of payment This type of Guaranty is the most favorable to the lender. When someone signs a Guaranty of payment, she is telling the lender that if the borrower does not repay the loan, the guarantor will. With this type of guaranty, the lender does not have to go after the borrower first.
Guarantee can refer to the agreement itself as a noun, and the act of making the agreement as a verb. Guaranty is a specific type of guarantee that is only used as a noun.
A tenant is responsible for: paying the rent. bills for gas, electricity and telephone if this was agreed with the landlord. keeping the property in a reasonable state of cleanliness and decoration.
A guaranty can be defined as an undertaking or a promise from a guarantor to a guarantee. A guaranty can be thought as a collateral to a primary or principal obligation from the guarantor to perform.

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