The Evolution of the Good Guy Guarantee

Good Guy Guarantees are a longstanding feature of New York City leasing and are increasingly appearing in other markets. While designed to protect landlords against holdover risk, they are often misunderstood, particularly when it comes to the misconception that they provide tenants with an early termination right. In this episode, Jason Polevoy, James O’Brien, and Eric Greenberg outline the fundamentals of Good Guy Guarantees, explore common pitfalls, and share practical drafting considerations for both landlords and tenants.