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Can you rely on a guarantee? - update

Monday November 3, 2008 at 1:02pm

The House of Lords has just overturned the case I referred to in my blog last week meaning that a landlord only needs to serve the guarantor with notice within six months of a rent review being decided.  The same rule would also apply to a service charge where the final figure for payment is only decided after the service charge payment date.

It's good to see that the Law Lords had regard to "some remarkably silly consequences" of the decisions of the lower courts.

Steven Petty, Commercial Property Lawyer

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