It is fairly common, in particular in the context of commercial leases, that a landlord requires that a tenant procure a guarantor to guarantee the tenant’s performance of its covenants under the lease. Such a guarantee can either have the effect that the guarantor must ensure that the tenant performs its obligations, or can amount to a covenant of indemnity, making the guarantor directly liable for any breach of covenant by the tenant. It is commonly the case that on assignment of the lease, the landlord will want to ensure that a guarantee continues in place or a fresh guarantor is nominated. However, given that a guarantee is a personal obligation, policy protects a guarantor from being made liable for the breaches