kezességek

Kezességek is a Hungarian term that translates to "guarantees" or "sureties" in English, often encountered in legal and financial contexts. It refers to a legal arrangement where one party, the guarantor or surety, agrees to be responsible for the debt or obligation of another party, the principal debtor, should the principal debtor fail to meet their commitment. This provides an additional layer of security for the creditor.

The concept of kezesek involves a tripartite relationship: the creditor, the principal debtor, and the kezes (guarantor). The kezes's liability is typically secondary, meaning the creditor must first attempt to recover the debt from the principal debtor before pursuing the kezes. However, the specific terms and conditions of the guarantee can vary, and in some cases, the kezes may be jointly and severally liable with the principal debtor, making them directly responsible from the outset.

Kezerességek are commonly used in various transactions, including loans, leases, and rental agreements. For instance, when an individual with a limited credit history seeks a loan, a bank might require a kezes to secure the repayment. Similarly, a landlord might ask for a kezes from a tenant who lacks sufficient income or rental history. The kezes must be aware of the potential financial risk they are undertaking, as they could be legally compelled to pay the outstanding debt if the principal debtor defaults.