The recent decision by the New York Court of Appeals in 1995 CAM LLC v. West Side Advisors, LLC
NY Court of Appeals Clarifies Mechanics of ‘Good Guy’ Guaranties and Commercial Leasing
By giving preference to the guaranty’s release conditions and interpreting “surrender” in the guaranty to mean tenant-side relinquishment of possession and control, the court confirms that guaranty discharge can be self-executing, without the need for any landlord acknowledgment which was required under the prior prevailing authority on the subject.

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