Guarantees and rent deposits

Guarantees and rent deposits guidance:

1 Definitions Arrears the amounts due from the Tenants up to and including Completion but which have not been received by the Seller or its agents as cleared funds before...

Precedents

Date: [insert date] Parties 1 [insert landlord name] [of [insert address] OR incorporated in England and Wales with company registration number [insert landlord company...

Precedents

What is an authorised guarantee agreement (AGA)? Under an AGA an outgoing tenant guarantees some or all of the obligations of an incoming tenant under a lease. It was...

Practice Note

Background—Landlord and Tenant (Covenants) Act 1995 Landlord and Tenant (Covenants) Act 1995, s 5(2)(a) provides that if: 'a tenant assigns the whole of the premises...

Practice Note

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 the primary...

Practice Note

1 Rent deposit[s] All money deposited with or held by the Seller as security for payment of rent and other sums payable and for performance of covenants by a tenant under...

Precedents

1 Tenancy Deposit[s] 1.1 On the grant of the Tenancy Agreement[s], the Tenant[s] paid [a deposit of £[insert figure] ('the Tenancy Deposit') OR deposits in the sums set...

Precedents

Date[insert date of deed in its full format DD-Month-Year] Parties 1 [insert name of Seller][of [insert address] OR incorporated in England and Wales with company...

Precedents

This Deed is made on [insert date] Parties 1 [insert landlord's name] [of [insert address] OR incorporated in England and Wales with company registration number [insert...

Precedents

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 after assignment of a...

Practice Note

In Powerhouse, parent company guarantees were given in respect of a number of high street stores and supermarkets in the UK. The tenant company subsequently decided to...

Practice Note

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 date] in respect of...

Precedents

1 Definitions Original Lease a lease of the Property dated [date] made between [parties] Term a term starting on [date] and ending on [date] Undertenant the tenant of the...

Precedents

Rectification is an equitable remedy by which the court can correct an error of expression where a written document does not match the parties' intention. It is available...

Practice Note

Date: [insert date of deed in its full format DD-Month-Year] Parties 1 [insert name of Landlord] of [insert address] [incorporated in England and Wales with company...

Precedents

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 non-payment of rent and...

Practice Note

A rent deposit is a sum of money that is deposited by a tenant when it takes a lease of premises. The deposit acts as security for the landlord against the non-payment of...

Practice Note

Date: [insert date of deed in its full format DD-Month-Year] Parties 1 [insert name of Landlord] [of [insert address]] [incorporated in England and Wales with company...

Precedents

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 in an office block...

Practice Note

The ScheduleRental guarantee schedule 1 Definitions In this Schedule: 1.1 'Approved Criteria' means the criteria set out in paragraph 4 (Letting terms) below 1.2...

Precedents

Undue influence arises where the transaction is to the manifest disadvantage of the person subjected to the dominating influence. It is the abuse of a relationship of...

Practice Note

Losing guarantee covenants At any point in the economic cycle landlords will want to protect themselves against tenant default, particularly in the case of potentially...

Practice Note

When drafting and agreeing a rent deposit deed, consider the following issues. They will not be applicable to every situation and often, due to the financial status of...

Practice Note

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 non-payment of rent and...

Practice Note
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