Alberta Guarantee of Commercial Lease

Guarantee the performance of a corporate lessee's obligations under a lease with this Guarantee of Commercial Lease form for the Province of Alberta.

• The guarantee is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• The guarantee is unconditional and continuing.
• A guarantee of this type is typically required as an inducement to the lessor / landlord to sign the lease.
• If the lessee is unable to do so, the guarantor agrees to pay all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Don't risk having a business tenant default on its lease obligations. Always get a Guarantee signed at the time the commercial lease is executed. Download the Guarantee form today.