Limiting and Enhancing Lease Guaranties Plus, Tenant Creditworthiness with Rolling Guaranties and Letters of Credit
This workshop will address lease guaranties from the perspective of both the guarantor and the landlord. The concept of use and enforceability of rolling guaranties will be discussed as a means of limiting guarantor exposure along with the proper drafting in order to avoid any pitfalls in ambiguous guaranty provisions. Speakers will also discuss enhancing the creditworthiness of guarantors and tenants via the delivery of letters of credit focusing on the instances that may trigger the landlord’s right to draw from the letter of credit.
