Time for clarity in AGA saga
Dear, B.
Time for clarity in AGA saga - 2000 - Estates Gazette (0042) 21 October 2000, 167-168(2) .
Considers the Landlord and Tenant (Covenants) Act 1995's stance on whether a guarantor can guarantee an authorised guarantee agreement (AGA). Notes that the Act's treatment of guarantors is ambiguous. Suggests this lack of clarity is having a highly distorting effect on deals, and is costing the property market both time and money. Suggests that a short amendment should solve this.
GUARANTORS
LANDLORD AND TENANT (COVENANTS) ACT 1995
AUTHORISED GUARANTEE AGREEMENT
COMMERCIAL LEASES
Time for clarity in AGA saga - 2000 - Estates Gazette (0042) 21 October 2000, 167-168(2) .
Considers the Landlord and Tenant (Covenants) Act 1995's stance on whether a guarantor can guarantee an authorised guarantee agreement (AGA). Notes that the Act's treatment of guarantors is ambiguous. Suggests this lack of clarity is having a highly distorting effect on deals, and is costing the property market both time and money. Suggests that a short amendment should solve this.
GUARANTORS
LANDLORD AND TENANT (COVENANTS) ACT 1995
AUTHORISED GUARANTEE AGREEMENT
COMMERCIAL LEASES