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" ... Finally, the new law ignores how a commercial lease actually works. Assume a tenant stops paying before September 30. The owner can apply the security deposit to pay rent. That eliminates the tenant’s default. On October 1, the owner can require the tenant to replenish the deposit. If the tenant doesn’t comply, that default now occurs after September 30. On October 1, the tenant may owe piles of money and want to stay in business, but the owner can, on October 2, seek to terminate the lease and recover damages from both tenant and guarantor. The new law does not prohibit any of this. ... "
" ... Many prospects who qualify with conditions based on credit come prepared to overcome their risk shortfall with a co-signer willing to serve as a guarantor for rent payments. Recent college graduates just entering the job market often fall into this category. A percentage of otherwise financially stable individuals often think that paying for everything with cash will make them more creditworthy, though without a decent credit score that's not the case. The last group of lower credit renters are those whose spending may have exceeded their means, which often occurs when living paycheck-to-paycheck doesn't sync with the timing of when bills are due. Regardless of individual circumstances, renters approved with conditions based on credit will be charged more by landlords in upfront security deposits to offset the potential payment risk associated with past payment practices that damaged their creditworthiness. ... "
" ... The case that pushed Pramod Mittal into bankruptcy has been long-running. It stems from his acting as guarantor for the debts of a Bosnian metallurgical coke producer, Gikil, where he was president of its advisory board. When Gikil failed to repay a $166 million debt it owed to steel giant Stemcor in 2013, the company initiated proceedings against him. These debts were later taken over by a company called Moorgate Industries after Stemcor was restructured, and it was Moorgate that secured the bankruptcy order. ... "
" ... Turkey has become a geopolitical balancing act between an increasingly capable and active military, and an increasingly volatile economy. Turkey’s military was for a long time the guarantor of the Ataturk model of a secular society in the context of a largely Islamic population. Since the coup in 2016, the army has been unleashed – for instance it now faces off against Russian troops in three different theatres (Libya, Syria and on the side of Azerbaijan), has forced France to deploy military assets to the eastern Mediterranean, rankled Israel and caused palpitations in NATO headquarters in Brussels. ... "
" ... • Guarantor agreement: Occasionally someone, especially first-time renters, does not have credit established or may have very bad credit. Usually, landlords will require someone to guarantee that rent is paid every month. Sometimes the tenant gives the guarantor rent money and the guarantor pays that rent on the tenant’s behalf. In this case, a signed guarantor agreement must be included in the lease documents. ... "