question category: Other Debt Questions

How do I get out of a lease with a personal guarantee if the business is not performing?
Submitted on: 29th Apr 2010 by Non-Member | Total Answers: 0

I am in a lease (with 5 quarters remaining) where the business is failing to cover costs. This lease is signed as an assignment to a Limited Company with my personal guarantee. My other business is a freehold building on my name. Is there any way I can shake out of the lease arrangement without affecting my other business? The lease is an assignment by the Head Tenant who will soon be out of the agreement in Sept 2011 when a new lease is to be negotiated directly.

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