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In this CLE presentation, New York City commercial litigator Jay Itkowitz will teach you everything you need to know about guaranties and good guy guaranties, specifically how to learn what to bargain for in commercial leasing and how to make sure you get it. Mr Itkowitz will examine how landlords can use the guaranty as a formidable bargaining chip during lease negotiations, how tenants must tread carefully when attempting to surrender the leased premises, and the snags and pitfalls that can complicate matters for counsel when a dispute leads to litigation and, eventually, enforcement of a judgment.  This program will be extremely useful for all attorneys representing both landlords and tenants in lease negotiations, as well as attorneys who are involved in their own office space searches.

Agenda:

I.    3 Types of Guaranties
II.   Guarantor v. Obligee
III.  Personal Service Waiver
IV.  Surrender and Notice Provisions
V.    Liens & Encumbrances
VI.   Rent Abatement and Clawback
VII.  Lease Renewals, Extensions & Modifications
VIII. Bankruptcy & Good Guy Guaranties