When Do COVID-19 Shutdown Orders Excuse Lease Guarantors?

Section 22-1005 of the New York City Administrative Code provides relief for individuals who guaranteed commercial leases when the tenant defaulted as a result of government orders issued during the early days of the COVID-19 pandemic. In recent months, however, litigation has emerged about the scope of that relief.

5 minute read July 01, 2022 at 03:24 AM
By
Stewart E. Sterk
When Do COVID-19 Shutdown Orders Excuse Lease Guarantors?

Section 22-1005 of the New York City Administrative Code provides relief for individuals who guaranteed commercial leases when the tenant defaulted as a result of government orders issued during the early days of the COVID-19 pandemic.

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