How to draft the two standard types of guarantee covenants (and their different effects)
How to draft the two standard types of guarantee covenants (and their different effects)
- 2001
- Commercial Property 4(1) 2001, 20(1) .
Brief look at the different obligations contained in a guarantee covenant; the first being that the guarantor covenants that the lessee will perform all the covenants in the lease and the second is such that the guarantor is required to make good any default of the lessee. Brief note on implied indemnity covenants on assignments.
LAW OF PROPERTY ACT 1925
GUARANTEE COVENANTS
GUARANTORS
LESSORS
OBLIGATIONS
Brief look at the different obligations contained in a guarantee covenant; the first being that the guarantor covenants that the lessee will perform all the covenants in the lease and the second is such that the guarantor is required to make good any default of the lessee. Brief note on implied indemnity covenants on assignments.
LAW OF PROPERTY ACT 1925
GUARANTEE COVENANTS
GUARANTORS
LESSORS
OBLIGATIONS