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Home / Opinion Digests / Guarantor Owes Rent but not Remodeling Costs (access required)

Guarantor Owes Rent but not Remodeling Costs (access required)

A guarantor on a restaurant’s lease is liable only for the value of two years’ rent, not for remodeling costs, late payments or advertising for a new tenant, because the lease’s ambiguity in the term “rent” is construed against the landlord, says the Salem Circuit Court. The guaranty contract contains the statement that “Guarantor’s guaranteed payment ...

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