Leasing Term # 169 – Personal Guarantee
A Personal Guarantee is a written guarantee given by the business owner guaranteeing payment performance on a lease in the event the company defaults on the lease. Know what you need to do so you’re not held liable in case of default.
Don’t Sing Those End of Lease Blues
Lease question of the week:. This week, a Director of Indirect Sourcing from a large manufacturer located in the upper Midwest shared the challenges their buyers face in negotiating end of lease purchases and returns. I promised him I would give write about some tips in my next blog. My tips assume the lease is [...]
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