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Authorised Guarantee Agreements (AGAs)

Authorised Guarantee Agreements (AGAs)

Authorised Guarantee Agreements (AGA) are commonplace in leasing commercial property. They are a legally binding agreement aimed at protecting a landlord in the case where a tenant sells or assigns their lease to a new tenant. Under an AGA, an outgoing tenant can guarantee some or all of the obligations of an incoming tenant.

Ultimately, AGAs aim to strike a balance between the liability of a tenant who assigns a lease and to protect the landlord’s interests, if the new tenant proves unreliable and fails to meet terms of the lease.

It’s important that tenants entering into a lease of a commercial property understand the implications, risks and potential negotiating of the assignment of AGAs, and to carefully consider a lease that includes one.

If you’re wondering whether you should sign an AGA, how to negotiate terms, or for further advice on any matters regarding this type of commercial agreement, please get in touch  with our team today and we will refer you to one of our partners specialising in commercial law.

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"I established my company in 2011 and Matt and team have supported me all the way. Until 2011, I had only experienced the world of large corporate accounts which meant a team of accountants to take care of everything. So the prospect of managing my own accounts was one that I was not entirely comfortable with. I was introduced to Matt by my neighbour and have not looked back. The whole experience has made my life simpler and nothing is too much trouble irrespective of which member of the team you speak to. More recently, changes in the VAT rules caused me to switch my accounts to Quickbooks, a move that I had been delaying as this was going to be another application to learn. Fortunately Emma Fisher-Rye was there to help. Emma provided initial use training and helped me to establish my accounts in Quickbooks. Since then Emma has supported me without fuss and in a very jolly supportive manner making light of my ineptitude. Overall, working with the Tax-Shop team has been refreshing and very supportive and I would certainly recommend them to any SME looking for a cost effective solution to management of their accounts."

 

David Walton

TS Partners
5
2020-06-12T09:36:11+00:00

David Walton

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"I established my company in 2011 and Matt and team have supported me all the way. Until 2011, I had only experienced the world of large corporate accounts which meant a team of accountants to take care of everything. So the prospect of managing my own accounts was one that I was not entirely comfortable with. I was introduced to Matt by my neighbour and have not looked back. The whole experience has made my life simpler and nothing is too much trouble irrespective of which member of the team you speak to. More recently, changes in the VAT rules caused me to switch my accounts to Quickbooks, a move that I had been delaying as this was going to be another application to learn. Fortunately Emma Fisher-Rye was there to help. Emma provided initial use training and helped me to establish my accounts in Quickbooks. Since then Emma has supported me without fuss and in a very jolly supportive manner making light of my ineptitude. Overall, working with the Tax-Shop team has been refreshing and very supportive and I would certainly recommend them to any SME looking for a cost effective solution to management of their accounts."  
Having TS Partners Accounting do our accounts, VAT and payroll leaves us to get on with what we know best, running our shop. We know we are in good hands!

 

Kevin Godding

TS Partners
5
2020-06-12T09:42:59+00:00

Kevin Godding

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Having TS Partners Accounting do our accounts, VAT and payroll leaves us to get on with what we know best, running our shop. We know we are in good hands!  
"Just started with Matt and the team and they have all been brilliant so far. They are all very knowledgeable and Matt has helped me to work out and understand the most tax efficient setup for myself and my business activities. Matt and the staff's communication is the best I have ever experienced from any company, extremely quick to reply to emails usually within minutes for simple queries and within the day for more detailed queries, which is really amazing service. Had a quick books training session as well with Emma which was great, she makes it all seem clear and was able to easily answer all the questions I had. I would highly recommend at least arranging a meeting with them if you are looking for accountancy services."

 

Simon Sobczak

TS Partners
5
2020-06-12T09:24:57+00:00

Simon Sobczak

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"Just started with Matt and the team and they have all been brilliant so far. They are all very knowledgeable and Matt has helped me to work out and understand the most tax efficient setup for myself and my business activities. Matt and the staff's communication is the best I have ever experienced from any company, extremely quick to reply to emails usually within minutes for simple queries and within the day for more detailed queries, which is really amazing service. Had a quick books training session as well with Emma which was great, she makes it all seem clear and was able to easily answer all the questions I had. I would highly recommend at least arranging a meeting with them if you are looking for accountancy services."  
"After taking the plunge to work as a Freelance Geophysicist I have had no regrets in utilising the services of Matt and the team at TS Partners. Matt is clearly a very experienced and knowledgeable accountant who's obvious aptitude quickly made me feel that my financial matters are in safe hands. TS Partners have provided me with a very professional, efficient and friendly accountancy service. Everything I have ever asked for help with has been remedied very quickly. In particular, Emma Fisher-Rye's bubbly phone manner has made learning QuickBooks straight forward and fun. She's always available to help with any issue, no matter how big, small or stupid!"

 

Andy Baker

TS Partners
5
2020-06-12T09:31:13+00:00

Andy Baker

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"After taking the plunge to work as a Freelance Geophysicist I have had no regrets in utilising the services of Matt and the team at TS Partners. Matt is clearly a very experienced and knowledgeable accountant who's obvious aptitude quickly made me feel that my financial matters are in safe hands. TS Partners have provided me with a very professional, efficient and friendly accountancy service. Everything I have ever asked for help with has been remedied very quickly. In particular, Emma Fisher-Rye's bubbly phone manner has made learning QuickBooks straight forward and fun. She's always available to help with any issue, no matter how big, small or stupid!"  
"The training for quickbooks received has been awesome. Super helpful and training was delivered professionally and in a way that was easy to understand. I didn't think I'd ever be excited about my book keeping!! Couldn't recommend them enough."

 

Lee Ellis

TS Partners
5
2020-06-12T09:32:30+00:00

Lee Ellis

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"The training for quickbooks received has been awesome. Super helpful and training was delivered professionally and in a way that was easy to understand. I didn't think I'd ever be excited about my book keeping!! Couldn't recommend them enough."  
At first I was completely baffled with all that was needed to start my own company and had no idea where to start. After a short consultation with Matthew, the whole process seemed a lot easier than first imagined!

Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants!

5 months in and still running smoothly! With no grey hairs in sight! (YET!)

Thanks to Emma, Matt and the team at Tax Shop, Wellington

 

Dominic Buck

TS Partners
5
2020-06-12T09:41:02+00:00

Dominic Buck

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At first I was completely baffled with all that was needed to start my own company and had no idea where to start. After a short consultation with Matthew, the whole process seemed a lot easier than first imagined! Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants! 5 months in and still running smoothly! With no grey hairs in sight! (YET!) Thanks to Emma, Matt and the team at Tax Shop, Wellington  
"I started my small business 2 years ago with very little experience in bookeeping, tax etc. I found Matt through a friend, he and his team are very helpful, they make it all sound easy, and respond to questions almost immediately. Emma did a Quickbook training for me, she was very nice, very knowledgeable, took it at my own pace and made it seem so simple! Brilliant service, thank you."

 

Mathilde Granger

TS Partners
5
2020-06-12T09:25:30+00:00

Mathilde Granger

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"I started my small business 2 years ago with very little experience in bookeeping, tax etc. I found Matt through a friend, he and his team are very helpful, they make it all sound easy, and respond to questions almost immediately. Emma did a Quickbook training for me, she was very nice, very knowledgeable, took it at my own pace and made it seem so simple! Brilliant service, thank you."  
Very helpful, easy to talk to, understands small business, an important part of my power team.

Recommend to anyone in business for great down to earth advice at a sensible price.

 

Mark Lyes

TS Partners
5
2020-06-12T09:38:44+00:00

Mark Lyes

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Very helpful, easy to talk to, understands small business, an important part of my power team. Recommend to anyone in business for great down to earth advice at a sensible price.  
Since setting up my business 4 yrs ago the advice and support I have received from Matt and his associates has been exemplary. Now after being introduced to QuickBooks I have been given good advice and basic training by Emma who also gave me the confidence to use QuickBooks not only for the accounts but also to monitor the day to day running of my small business. Overall it has been an excellent experience.

Ian Tarry

TS Partners
5
2020-06-12T09:44:38+00:00

Ian Tarry

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Since setting up my business 4 yrs ago the advice and support I have received from Matt and his associates has been exemplary. Now after being introduced to QuickBooks I have been given good advice and basic training by Emma who also gave me the confidence to use QuickBooks not only for the accounts but also to monitor the day to day running of my small business. Overall it has been an excellent experience.
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