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Home/Legislation/Leases (Commercial and Retail) Act 2001/40

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Leases (Commercial and Retail) Act 2001

40Guarantees and indemnities

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40 Guarantees and indemnities The lessor may accept a guarantee, indemnity or both for the performance of the tenant’s obligations under the lease as well as, or instead of, a bond.

Previous section39Maximum level of bond Next section41Bank guarantee as bond

Section 40 - Leases (Commercial and Retail) Act 2001 - Guarantees and indemnities — Zoe