About This Course
Bank guarantees are essential financial instruments used in commercial leasing to provide landlords with security in the event a tenant defaults on their lease obligations. Unlike traditional security deposits, bank guarantees are issued by banks and ensure the landlord can recover funds without holding tenant cash directly. While they offer a more flexible and professional form of security, landlords must ensure that these guarantees are legally enforceable, accurately documented, and aligned with lease terms.
You'll explore the types of bank guarantees commonly used in leasing, how they are requested and issued, and the legal rights and obligations of all parties involved. Special attention is given to common challenges such as renewals, term extensions, and the release process. With real-world case references and key considerations for compliance and enforceability, this course will equip you to effectively manage bank guarantees as part of the leasing lifecycle.
By the end of this course, you will:
- Understand the purpose and types of bank guarantees in commercial leasing.
- Learn the full process of requesting, issuing, and maintaining a bank guarantee.
- Identify common issues such as expiry, renewal, and bank communication procedures.
- Recognise legal rights and responsibilities tied to drawing on guarantees.
- Evaluate considerations for enforceability and learn from industry case examples..
Topics Covered:
- What Are Bank Guarantees
- Types Of Bank Guarantees
- Processes And Requirements
- Rights And Obligations
- Common Issues And Considerations
Course Duration: Approximately 20 minutes
Access to Course: 7 days from date of purchase
