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In addition to any concessions received, a prudent landlord should always seek certain protections from the tenant in any lease workout. For instance, an amendment should include: ...
Lease guarantees are prerequisites for the landlords entering into the lease (and, to help demonstrate adequate consideration for a guarantee, the lease should expressly state this fact and ...
Third, the lease will often be backed by a guaranty. The owner should insist that the guarantor consent to the amendment and acknowledge the guaranty will still apply to the lease as amended.
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