๐Ÿš๏ธ Authorised guarantee agreement

About this category

An authorised guarantee agreement is a contract between a company and its directors, in which the directors agree to indemnify the company for any losses it suffers as a result of their breach of duty. The agreement may also cover other types of losses, such as losses incurred as a result of the directors' negligence.

๐Ÿš๏ธ Authorised guarantee agreement

templates

Authorised Guarantee Agreement For A New Lease (Standalone AGA)

This is an authorised guarantee agreement (AGA) for use with a lease that is considered a new lease under the Landlord and Tenant (Covenants) Act 1995. The AGA has optional wording that can be used if there is a guarantor for the outgoing tenant who is also giving a sub guarantee (also known as a GAGA).

What to watch out for

  • The AGA contains optional wording which can be included where there is a guarantor for the outgoing tenant who is giving a sub guarantee (also known as a GAGA).
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    Associated business activities

    Lease a property

    1. A lease agreement can provide stability and predictability for both the landlord and the tenant. The terms of a lease can be customized to the specific needs of the property and the tenant, and can be renewed or terminated as desired. 2. A lease can also be used to protect the landlord's investment in the property by ensuring that the tenant will pay a set amount of rent each month and will not damage the property. 3. Finally, a lease can be a useful tool in managing a property, as it can help the landlord to keep track of the tenant's activities and ensure that the property is being well-maintained.

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