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Time for clarity in AGA saga

By: Series: Estates Gazette ; (0042) 21 October 2000, 167-168(2)Publication details: 2000Subject(s): Summary: 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.

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.