Property Law: 18 March 2019
Bank Guarantees are popular and a convenient alternative to holding a security deposit during a lease term for many landlords. However, care must be taken to ensure the Bank Guarantee is effective security and not likely to be challenged. We recommend you read the article published by Chris Drayton of Makinson & d'Apice on what this could mean for you.
For more information or assistance, please contact James Matthies from our office.