An obligation by a third party to pay a tenant's rent under a lease is known as a(n):

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A guaranty is an agreement in which a third party agrees to be responsible for another's debt or performance under a contract, such as paying a tenant's rent under a lease. An attornment is a tenant's agreement to recognize a new landlord when ownership of the property changes. Subletting is when a tenant rents out all or part of the leased property to another person. A memorandum of lease is a document that summarizes key terms of a lease agreement, such as the parties involved, lease term, and rent amount, but does not create any new obligations.

An Obligation by a Third Party to Pay a Tenant's