Death of a guarantor

Basch v Stekel [2001] L. & T.R. 1 Abstract:  B and S entered into a commercial lease whereby premises were let to S’s company with S acting as guarantor of the company’s obligations under the lease. Following S’s death and a subsequent decision...

When does guarantee end? / Giving notice

Summary In summary, a guarantor will only last for the fixed term unless there is a term to the contrary. In order for the guarantee to continue into any periodic tenancy, there must be clear words detailing this (see below). The guarantor may give adequate notice...

Deed in writing and witnessed?

In order to have a valid contract, there must be offer, acceptance and consideration. Consideration is something of economic value which is why often you see companies being purchased for £1.00. If no money was paid, it could be argued there was no contract which is...