Coopersmith and Coopersmith

Understanding the Current State of Commercial Lease Guaranties

On Friday, March 31, 2023, the Southern District of New York decided Melendez v. City of New York, a case affecting commercial lease guaranties. In this alert, we summarize the decision in Melendez and what it means for commercial tenants and landlords. Courts generally treat guaranties like any other contract, applying ordinary principles of contract […]