Expanding the Scope of Good Guy Guarantees in NY

Good Guy Guarantees are intended to protect landlords against defaulting and insolvent commercial tenants. However,iIn <I>Bri Jen Realty Corp. v. Altman</I>, New York's Second Appellate Department construed a Good Guy Guarantee to hold a guarantor liable for rent for 11 months after the tenant surrendered the premises.

6 minute read May 02, 2017 at 12:02 AM
By
Stewart E. Sterk
Expanding the Scope of Good Guy Guarantees in NY

Good Guy Guarantees are designed to ensure that defaulting commercial tenants leave the premises promptly, avoiding loss of rental income to landlords.

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