Legal Briefing

With business, it’s vitally important to get both appropriate and trustworthy legal advice. This can range from something as simple as mediating an internal dispute to understanding how to proceed if you find yourself in a tricky legal battle. Northamptonshire offers a number of fantastic legal advisory teams, giving you the peace of mind that you’ll have support if and when you need it.

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1st December 2019

Guarantors for commercial leases

By Mohammed Rahman

Borneo Martell Turner Coulston

BEFORE a landlord grants a lease to a tenant, they may require that a guarantor is provided. A guarantor may represent the security, comfort and assurance for a landlord, however it also means obligations, risk and liability for a guarantor. A guarantee should never be entered into lightly and there may be significant financial consequences for the guarantor if a guarantee is enforced.