Document background
The Commercial Lease Guaranty Form is an essential document in Swiss commercial real estate transactions, typically required when a landlord seeks additional security for a tenant's obligations under a commercial lease agreement. This document is particularly relevant when dealing with new businesses, companies with limited operating history, or situations where additional financial security is deemed necessary. The guarantee can be provided by various entities, including banks, corporate entities, or individuals, and must comply with Swiss law, particularly the provisions of the Swiss Code of Obligations. The document outlines the scope of guaranteed obligations, which typically include rent payments, service charges, and potential damages to the property. It includes specific enforcement mechanisms, clear conditions for calling upon the guarantee, and provisions for its termination. The form must be carefully drafted to ensure enforceability under Swiss law and to protect the interests of all parties involved.
