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If you require a tenant to have a guaranty in order for you to sign the lease with it, you may feel that you're protected in the event that the tenant stops paying rent. After all, the whole point of a guaranty is to be able to collect rent from the party who guaranteed the tenant's lease if the tenant fails to live up to its obligations. But if a guaranty hasn't been executed properly, you'll be left empty handed anyway when the tenant defaults.
