DIMIC LAWCalgary, AB · August 5, 2026What Is a Personal Guarantee on a Commercial Lease?
A personal guarantee on a commercial lease is a legal commitment that makes an individual personally responsible for some or all of the tenant’s obligations if the business cannot meet them. The guarantor is usually the company’s owner, director, shareholder, or another person financially connected to the business. In simple terms, the corporation signs the...
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