Licence to assign a new lease with authorised guarantee agreement: drafting notes

Drafting notes for use in conjunction with the PLC standard document licence to assign a lease that is a new lease for the purposes of the Landlord and Tenant (Covenants) Act 1995. The standard document includes an authorised guarantee agreement by the tenant and assumes that there is no tenant's guarantor.

If there is a tenant's guarantor involved, it is prudent to use a discrete licence and authorised guarantee agreement rather than this inclusive document.

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