Many commercial landlords require a guarantee from new tenants. Whether you’re a landlord, tenant, or guarantor, expert legal advice is crucial to understand your rights and obligations regarding commercial property guarantees.

Expert Legal Advice

Our Commercial Property Department, one of the busiest in Nottingham and Nottinghamshire, has years of experience advising all parties to commercial leases. We provide clear, practical advice on commercial property guarantees, ensuring you have the necessary information to make informed decisions for your business.

We are a diverse, multi-lingual law firm that uses top-tier technology to offer streamlined, modern, and effective commercial property law advice and representation. Our years of experience have established a robust reputation for excellence, working with the UK’s leading Barristers, King’s Counsel, Estate Agents, Independent Financial Advisers, Surveyors, and Lenders.

Common Questions about Commercial Lease Guarantees

What is a Guarantee?

A guarantee is a promise by one person (the Guarantor) that another will fulfil their obligations. If they fail, the guarantor becomes liable. Given the serious consequences, always seek legal advice before agreeing to act as a guarantor.

How are Guarantees Used in Commercial Leases?

Landlords often require tenants to provide a personal guarantee to meet lease agreement covenants, such as paying rent and making repairs. If a tenant defaults, the landlord can recover money from the guarantor or demand they fulfil the unperformed obligations.

What is an Authorised Guarantee Agreement?

When a tenant wishes to assign their lease to a new tenant, the landlord may require an Authorised Guarantee Agreement (AGA), making the original tenant liable if the new tenant fails to meet obligations.

Why Choose Us?

Comprehensive Support Our Commercial Property Solicitors will review the landlord’s terms and ensure you understand the implications of providing a guarantee. We offer advice on commercial leases, contracts, and dispute resolution, ensuring a smooth process.

Personal Service We pride ourselves on providing personal service, being available by phone, and responding to emails within 24 hours. As a full-service law firm, we can handle all legal matters concerning commercial tenancy guarantees.

Experienced Team Our team has the experience and resources to address every aspect of the Guarantor Agreement, providing commercially astute advice to protect your interests. Business owners in Nottingham and Nottinghamshire trust us for our dedication and knowledge.

Results-Oriented We focus on achieving results quickly and cost-effectively, allowing you to concentrate on your business’s growth and prosperity.

To discuss commercial lease guarantees, please contact us using the form below.

Smalleys Solicitors provides exceptional Guarantees For Commercial Property Tenancies and Commercial Property services to clients. People choose and recommend us not just in Nottingham, Arnold, Hucknall, Derby and Mansfield, but across Nottinghamshire, Derbyshire, Leicestershire & the East Midlands, and the whole of the UK, because we get results.

To receive expert advice and representation regarding Guarantees For Commercial Property Tenancies and Commercial Property, please contact us using the form below, call us on (0115) 955 6555, email via the Request a Callback form on this contact page.