Contacts

Clare Harman Clark

Senior professional support lawyer

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Emma Oakley

Partner

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Lauren Fendick

Partner

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Contacts

Clare Harman Clark

Senior professional support lawyer

Read More

Emma Oakley

Partner

Read More

Lauren Fendick

Partner

Read More

16 September 2020

Emma Oakley, Lauren Fendick and Clare Harman Clark discuss liability for rents on former sites with PropertyEU

Retailers and casual dining operators in the UK are now being confronted with debt arising in units they divested some time ago. To consent to an assignment, landlords will typically require an AGA, or "Authorised Guarantee Agreement", from the outgoing tenant. This instrument places an obligation on it to guarantee the performance of the new tenant under the lease.

Given the liability, many landlords are reluctant to agree to provide an AGA on assignment. We explore the key considerations for both landlords and tenants.

Read the full article on PropertyEU (subscription required).

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