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Possible yes if that is what was written into the lease. However the (few) leases I have come across so far with a bank guarantee limit the lessor's ability to do this to their liquidated damages (ie their actual economic loss) and they would have to demonstrate loss of rent and other...

My understanding is yes and yes - that is one of the purposes of both. Bonds in these cases are typically held in your bank account, which is unaffected by said bankruptcy. An unconditional bank guarantee is secured by the bank so it's the bank that has to hand over the money if you ask...

Hi Ridin-High My research has shown exactly the same effect with pretty much every term and condition you could name. I'm loving reading the leases of properties that are outside my price range! They look great! :o Unfortunately, the ones that are available for us seem to have lower...