Leesburg, VA asked in Landlord - Tenant for Virginia

Q: I am 1 of 3 guarantors on a commercial lease that still has a 30 month term. How can I safely leave without liability?

I am terminating my partnership in the company that is technically leasing the office space. I want to remove myself and my spouse from this lease without needing my partners' sign off on it. Since we don't have an operating agreement in the business, so I am just technically a guarantor. Would it be possible to pull myself off the lease without their consent or with any ramifications?

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1 Lawyer Answer
Mr. Andrew T. Bodoh
Mr. Andrew T. Bodoh
Answered
  • Richmond, VA
  • Licensed in Virginia

A: If you are a guarantor under a valid lease, the only way out is satisfaction of the obligations under the lease or renegotiation of the lease.

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