It’s important that anyone entering into a commercial property lease, whether a landlord or a tenant, considers their AGA (an acronym for Authorised Guarantee Agreement, contrary to the terrible pun).
Normally, the terms of a lease allow a tenant to sell (assign) the lease on to a new tenant, subject to conditions, and that will almost always include a requirement that the outgoing tenant enters into an Authorised Guarantee Agreement.
In an AGA, the outgoing tenant will be acting as a guarantor of the new tenant’s liabilities under the terms of the lease. This means that the outgoing tenant will have to pay the rent and observe and perform the tenant’s covenants of the lease if the new tenant does not keep up with these obligations.
Denne historien er fra May 2018-utgaven av Derbyshire Life.
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Denne historien er fra May 2018-utgaven av Derbyshire Life.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Can Plants Hear?
In the latest in his series on the intelligence of plants, Martyn Baguley analyses whether they have the ability to hear
Peak National Park and Ride
Andrew Griffihs asks what the future holds for transport in the Peak National Park and talks to Julian Glover about his Landscapes Review
Doubly thankful
Mike Smith explores the village of Bradbourne, which has a particularly poignant tale to tell
What lies beneath
Exploring the hidden depths of Ladybower Reservoir, which conceals secrets of a fascinating past
Battle for our birds
Paul Hobson analyses our complex relationship with birds of prey and how these fascinating birds are fairing in Derbyshire
Explore the Peak Forest
A walk through autumn fields and forests with far reaching views enriched by snippets of mystery, romance and the area’s industrial past
Pictures to transport you
Chesterfield photographer David Keep continues his photographic journey, this time recalling his favourite landscape images from around the world
The magic of Christmas
Ideas for days out, gifts and where to find local produce in Derbyshire this festive season
PENNY for the Guy
We take a look at Derbyshire’s bonfire tradtions through history
From hardship came happiness
Pat Ashworth speaks with Chesterfield based retired Colonel John Doody about his inspiring life, from a diffiult childhood to overcoming diversity and finding happiness
