Fair, Foul, or Simply Unconstitutional? Redux on Enforceability of Personal Guaranties During COVID
The COVID-19 pandemic triggered a cascade of legal challenges, particularly concerning the enforceability of personal guaranties on commercial leases in New York City. In response to the economic hardships businesses faced, the New York City Administrative Code Section 22-1005 was enacted, effectively barring landlords from enforcing personal guaranties on certain commercial leases during a specified … Continued
