Lawyers for Authorised Guarantee Agreements
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Landlords often require third parties to tenancies they are granting (e.g. directors of corporate entities involved, or other business-backers) to provide a guarantee of the tenant’s obligations. This might be a requirement of a commercial lease, e.g. being assigned.
This product is for our drafting to the specification we have been told is agreed, such a guarantee, and seeing to its execution. This product does not include our involvement in the agreement of its terms.
Our product for advising on a Guarantee provided by someone else is Advice certification for Guarantors, Security givers, and occupiers or interested parties
How long will it take?
We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).
After that, the production of the advice and guarantee is a job that we can undertake in a few hours once we can schedule it in our workflow, that can depend on how busy we are at any particular time. We would not usually take-on a job for which we could not engage within about a working week. Often the requirement for this advice is presented to us as being urgent (i.e. because people wait until the undertaking transactional context is almost complete before arranging this advice), so we are used to being asked to “kangaroo” these engagements into a day or two – that we do when we are able.