Guarantors – Part 2

In the first article we broadly considered what a guarantee is, the obligations of a guarantor and who might be a guarantor. In this second article we look at the elements of a contract and how a guarantor may contract with the landlord as well as addressing some of the common issues that arise in relation to guarantees. We need to be clear what the contractual position of the parties is before anyone is asked to sign anything. For a contract to be enforceable in England and Wales we need to establish that it is a lawful contract. A contract ...