Myriam Stacey QC co-authors article ‘Why nothing is guaranteed’ published in Estates Gazette

With Mark Reading of Mishcon de Reya LLP, Myriam Stacey QC has co-authored an article published in Estates Gazette. In the current landlord and tenant environment, where a landlord’s ability to forfeit leases for nonpayment of rent has been restricted and many tenants are insolvent (so that debt proceedings would achieve little), landlords will be looking elsewhere to recover unpaid rent and enforce other tenant obligations – which can include reliance on a guarantee. It is usually very difficult for a guarantor to get out of a guarantee. Most modern guarantees are drafted so as to exclude all of a guarantor’s legal and equitable rights. There are, however, limited circumstances in which a guarantor can escape liability. To read the full article, please follow this link (subscription required).