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In New York: Recovery of Accelerated Rents from a Commercial Lease Guarantor

With an effective rent-acceleration clause and good-guy guaranty, there is a little-used legal procedure that could allow the landlord to quickly pursue the guarantor for lost back and future rents: a motion for summary judgment in lieu of complaint.

6 minute read January 01, 2018 at 12:02 AM
By
Joseph I. Farca
In New York: Recovery of Accelerated Rents from a Commercial Lease Guarantor

Your commercial tenant went dark and dropped the keys off before the expiration of the lease, leaving you with back rent on the books and no tenant paying ongoing rent.

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