000 01589cab a22002535a 4500
001 L154469
008 131211s2011 xxk 000 0 eng d
035 _a(Sirsi) u154469
041 0 _aeng
100 1 _aGilbert, Dellah
245 0 4 _aThe end of the AGA saga?
260 _c2011
490 0 _aHogan Lovells Real Estate Quarterly
_vAutumn 2011, 2-3(2)
520 _aA recent Court of Appeal decision, "K/S Victoria Street v House of Fraser (Stores Management) Ltd" ([2011] EWCA Civ 904), clarifies for landlords, tenants and their guarantors the vexed issue of authorised guarantee agreements (AGAs) under the Landlord and Tenant (Covenants) Act 1995. It has thrown light on the the interpretation of S25 of the 1995 Act in relation to AGAs. After the above decision intra-group assignment is once again a prospect for group company tenants. Despite this, landlords are better off, now being able to demand the giving of sub-guarantees if they wish or alternatively demanding a direct guarantee for a proposed assignee.
590 _aKA
650 2 4 _aK/S VICTORIA STREET V HOUSE OF FRASER (STORES MANAGEMENT) LTD
650 2 4 _aGOOD HARVEST PARTNERSHIP LLP V CENTAUR SERVICES LTD
650 2 4 _aLANDLORD AND TENANT (COVENANTS) ACT 1995 S25
650 2 4 _aLANDLORD AND TENANT (COVENANTS) ACT 1995 S5(2)(a)
650 2 4 _aLANDLORD AND TENANT (COVENANTS) ACT 1995 S24(2)
651 4 _aEngland and Wales
_y1543-
690 _aPROPERTY-COMMERCIAL PROPERTY-LEASEHOLD COMMERCIAL PROPERTY-COMMERCIAL LANDLORD AND TENANT-COMMERCIAL LEASES-ASSIGNMENT OF COMMERCIAL LEASES
942 _n0
999 _c83637
_d83637