WebRight to Expand: This type of clause in a commercial lease will assist a landlord in retaining good creditworthy tenants from growing out of the building. The benefit to both parties is apparent. The landlord gets to keep a good tenant, and the tenant gets to save a bundle of cash by simply staying put and expanding out into its current building. WebIncluded New York: Restore of Accelerated Leases starting a Commercial Renting Guarantor Use an effective rent-acceleration clause and good-guy get, there lives a little-used legal procedure that could enable this landlord to quickly pursue the guarantor for lost back and future contracts: one motion on summary judgment in lieu of complaint.

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WebThe purpose of the Good Guy Clause is to give the landlord an additional layer of security and can limit costs for both the landlord and the tenant/personal guarantor. For the landlord, it could help avoid the eviction process, which can be costly, time consuming, and drawn out for several months. WebAug 1, 2024 · The demolition clause in a commercial lease agreement allows a landlord to terminate a lease early if they decide to demolish or otherwise change the use of a … WebWhat is a good guy clause in a commercial lease? If you're a tenant and your business fails, but you vacate your space and pay rent through the date you vacate, you're a good guy. … costa brava karaoke