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Unless you already own a business, the Personal Guaranty is a clause to expect in your Lease but it does not have to be a deal with the devil, costing you your mortal soul, first-born child, retirement nest egg, or all of the above. Business is tough and creating a successful business from the ground up is even tougher, prompting Landlord's to try and protect their interests via a guaranty of the value of your Lease. Not handled up front during negotiations can cost you but there are things to do to save your soul! Listen in as Bob and Jerry talk about things to do and not to do in this critical part of your Lease.
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