"My landlord wants me to sign a personal guaranty ... should I?"
As published in Santé Magazine
My brother, a chef, has been looking to open his own place for a number of years now. He tells me that when he finds the perfect space, he is going to jump on it. If that happens, I’m sure that I will get a call from him asking if I have time to review his lease. He will tell me that it’s the perfect space and that I need to take only a “quick look.” He also will probably tell me that, because he’s taken my advice and set up his business as a limited liability entity, the landlord wants him to sign a personal guaranty. He will want to know what that means and whether he should sign it. Here’s what I’ll tell him: www.dwthospitalitylaw.com/uploads/file/GuestCheck-Benazzi.pdf
