Guarantee
Commercial property & real-estate term
An agreement by a third party to a loan transaction to join in the transaction and to be held liable for the moneys secured by the loan instrument should the principal debtor fail to pay.
Part of the Commercial Property glossary — plain-English definitions of the terms you meet when leasing, buying or selling commercial space in South Africa. See also our how-to guides.
More terms under “G”
Ground rent Grantor Gross leasable area Ground lease Gross income multiplier Gross lease Grantor Graduated lease