NYC Guarantor Liability for Post-Window-Period Rent

In Tamar Equities Corp. v. Signature Barbershop 33 Inc., the Appellate Division analyzed whether the Guaranty Law bars recovery from a guarantor where a commercial tenant's default initially arose during the Guaranty Law's window period, but persisted after its expiration.

5 minute read March 01, 2024 at 12:13 AM
By
Cheryl Ginsburg
NYC Guarantor Liability for Post-Window-Period Rent

In a case of first impression, the Appellate Division, First Department of New York recently addressed a split in the decisions of the lower courts as to the scope of the New York City Guaranty Law, Administrative Code §22–1005 (Guaranty Law).

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