🏚️ 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.

🏚️ Authorised guarantee agreement

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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).

Publisher

Genie AI

Jurisdiction

England and Wales

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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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Legal firms who might be able to help

Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.