When Does An Authorised Guarantee Agreement End

If you have any questions about authorized warranty agreements or would like Ringrose Law to act on your behalf for your commercial real estate transaction, please contact a member of the commercial real estate team at Ringrose Law`s Boston office on 01205 311511. The assignee`s liability under the LGA ends at the end of the lease term or when the buyer leases the lease to a third party (whichever comes first). Finally, in the Coop case, AGA was considered an enforceable sub-guarantee solely on the basis of a provision of the concession to be assigned. AGMs are common in commercial real estate rentals, but it`s important for tenants to understand their impact when the lease is initially granted and with each subsequent assignment. . . .