I'm a guarantor for retail lease agreement. Should the Lanslord has the right to review my personal
income tax annually? Thanks
2 Answers from Attorneys
One would have to read the contract you signed to see if it contains such a provision. I can think of some circumstances where it might -- say, you were a sole proprietorship with a percentage clause in your lease. But if there is no such provision in the guarantee contract, I would expect there is no requirement to have over copies.
However, I would ask the landlord why he wants it and see if the answer seemed to make sense to me.
There might be more issues after knowing the particular facts of your case.
That depends on your agreement. The first place to start is with the contract.
As an abstract matter, I don't think it is reasonable, and I've never seen it before. None of the personal guarantees I've ever dealt with have had that term.
NOTE: This communication is not intended to create an attorney-client relationship, and no such relationship is intended until a retainer agreement is signed.
Related Questions & Answers
Duty Of Officer & Shareholder The president and shareholder of a closely held... Asked 2/19/09, 7:11 am in United States Minnesota Business Law
Lawn business My brother got a loan from the bank to buy a lawn business. 2 years... Asked 2/18/09, 8:22 pm in United States Minnesota Business Law
Invasion of privacy My husband had an affair, we have now gotten back together, his... Asked 2/17/09, 9:26 am in United States Minnesota Business Law
Incentive bonus payout I verbally turned down my company's bonus but now i want to... Asked 2/17/09, 5:33 am in United States Minnesota Business Law
Charity snowmobile ride event If a business puts on an organized charity snowmobile... Asked 2/16/09, 1:48 pm in United States Minnesota Business Law