Guarantees and rent deposits

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Practice notes
A benevolent fund is an institution, including a body of trustees, which holds funds on trust for the purpose of relieving poverty amongst a defined...
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9th Nov
Practice notes
Manorial rights are relics of the feudal system of land tenure. They can still exist in relation to land that:•is former copyhold land, or•was...
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9th Nov
Practice notes
When property markets suffer a downturn, commercial tenants with properties that are surplus to requirements face significant difficulties in...
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9th Nov
Practice notes
The second edition of the Standard Commercial Property Conditions came into force on 1 June 2004 and these conditions are incorporated into many...
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9th Nov
Practice notes
What is a headline rent?In a falling market, landlords frequently offer tenants financial inducements to take a lease in order to maintain the level...
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9th Nov
Precedents
Panel 11 (transfer of whole)/panel 12 (transfer of part)—Additional provisions1Definitions[Lease•the lease particulars of which are set out in...
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9th Nov
Practice notes
TrespassTrespass is the unlawful presence of a person on land in the possession of another. The ownership of land includes the airspace above it....
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9th Nov
Precedents
1 The Grantor grants to the Grantee the right for the Grantee and his successors in title as owners or occupiers for the time being of...
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9th Nov
Practice notes
There can be only one lease at a time giving a right to possession and occupation of property. Consequently, if a landlord subsequently grants a lease...
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9th Nov
Practice notes
Generally, the tenant remains liable for the rent even though the premises have become unusable. Consequently, leases normally contain a provision...
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9th Nov
Practice notes
Effect of appointmentA fixed charge receiver is appointed under a legal charge or mortgage and only has power to deal with and dispose of the charged...
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9th Nov
Practice notes
The implied or deemed surrender and re-grant of a lease arises where an agreed variation of the terms of the original lease is so fundamental that the...
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9th Nov
Precedents
This Deed is made on [date]Parties1[name of person releasing the covenants] [of [insert address] OR incorporated in England and Wales with company...
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9th Nov
Practice notes
Coronavirus (COVID-19): This Practice Note contains guidance on subjects potentially impacted by the government’s response to the COVID-19 outbreak....
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9th Nov
Precedents
Under s 45 Leasehold Reform Housing and Urban Development Act 1993 (the ‘1993 Act’)Flat:[insert address and description of the Property]To:[insert...
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9th Nov

Most recent Guarantees and rent deposits content

Practice notes
The advantages of taking collateral security from a third party to secure the principal debt are that:•the mortgagee may not need to have recourse to...
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8th Apr
Practice notes
What is an authorised guarantee agreement (AGA)?Under an authorised guarantee agreement (AGA), an outgoing tenant guarantees some or all of the...
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8th Apr
Practice notes
What is a rent deposit?A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises as security against the...
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8th Apr
Practice notes
The Landlord and Tenant (Covenants) Act 1995 (LT(C)A 1995) controls the liability of former tenants and their guarantors for rent and service charge...
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8th Apr
Practice notes
What is a rent guarantee?A rent guarantee is an incentive offered by the seller of an investment property which has empty premises (eg an empty floor...
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8th Apr
Practice notes
Losing guarantee covenantsAt any point in the economic cycle landlords will want to protect themselves against tenant default, particularly in the...
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8th Apr
Practice notes
Background—Landlord and Tenant (Covenants) Act 1995Section 5(2)(a) of the Landlord and Tenant (Covenants) Act 1995 (LT(C)A 1995) provides that if:'a...
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1st Apr
Precedents
Date: [date]Parties1[name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is...
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11th Mar
Practice notes
Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature....
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10th Mar
Practice notes
Coronavirus (COVID-19): the coronavirus pandemic has caused the UK to expedite new insolvency provisions, both of a temporary and permanent nature....
Read More >
10th Mar
Precedents
Date: [insert date of deed in its full format DD-Month-Year]Parties1[insert name of Landlord] of [insert address] [incorporated in England and Wales...
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18th Feb
Precedents
Date: [date ]Parties1[name of Landlord] [of OR incorporated in England and Wales with company registration number [company registration number]...
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18th Feb
Q&As
The General Data Protection Regulation (Regulation (EU) 2016/679) (the GDPR), was approved by the European Parliament on 27 April 2016 and has the...
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13th Feb
Precedents
Dear [insert organisation name]This letter confirms the advice that [I OR we] gave [insert name of Guarantor] (the Guarantor) at a meeting on [insert...
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12th Feb
Precedents
1DefinitionsOriginal Lease•a lease of the Property dated [date] made between [parties]Term•a term starting on [date] and ending on...
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12th Feb
Precedents
1Tenancy Deposit[s]1.1On the grant of the Tenancy Agreement[s], the Tenant[s] paid [a deposit of £[insert figure] ('the Tenancy Deposit') OR deposits...
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12th Feb

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