What is a personal guarantee?
Plain-English explanation. General information only — not legal advice.
The short version
A personal guarantee makes an individual responsible for an obligation — commonly a lease or a loan — even when a company is the party to the agreement.
Why it gets attention
It can reach personal assets rather than only business assets, and it often survives after the business relationship ends.
Details that matter
Whether it's limited in amount or time, whether it can be released, whether it's joint and several with other people, and what triggers it.
What ShieldMyDoc does with it
It flags guarantee language, explains what it generally means, and suggests questions for a licensed attorney.
Questions you may want to ask
- Is the guarantee capped in amount or time?
- Can it be released after a period of on-time payments?
- Am I jointly responsible with anyone else?
- What events trigger the guarantee?
ShieldMyDoc is an informational tool, not a law firm. It does not provide legal advice, represent you, or determine whether an agreement is enforceable. Think of it as your first look — not your final legal decision.
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