In the context of a Del Taco sublease, what is the document titled 'THIS GUARANTY OF SUBLEASE' also referred to as?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT "B" Form of Guaranty
GUARANTY
Sublandlord: Del Taco LLC, a California limited liability company
Subtenant: ____________________________
Source: Item 23 — RECEIPTS (FDD pages 59–325)
What This Means (2025 FDD)
According to Del Taco's 2025 Franchise Disclosure Document, a document titled 'THIS GUARANTY OF SUBLEASE' is also referred to as a 'Form of Guaranty'. This document appears to be a standard form provided by Del Taco in connection with subleasing agreements.
For a prospective Del Taco franchisee, this means that if they enter into a sublease agreement, they may be required to provide a guaranty. This guaranty likely ensures that the franchisee will meet the financial and operational obligations outlined in the sublease. The franchisor, Del Taco LLC, is identified as the sublandlord in the example provided.
It is important for potential franchisees to carefully review the terms of the 'Form of Guaranty' with a legal professional to fully understand their obligations and potential liabilities under the sublease agreement. Understanding the conditions and implications of this guaranty is crucial before signing any agreements.