Hello my name is ***** ***** I will help you with this.
For now please let me know what the terms of the contract say about cancellation?
Thanks. I have read the contract and its bad news I am afraid.
The contract actually says technically you are liable for the WHOLE 12 months
In any event it says that you must give 3 months notice with a minimum rental period of 1 month
Based on this, the fact they only want 3 months is quite good. As you are liable for 12
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest
Can I clarify anything for you about this today please?
They have already taken 1 months deposit of £1100, so in theory does this count towards 3 months? and also they state on their email that they require a minimum of three months or until they have re let the office space, how would i know when they have done this?
i also want to know that as managing director of a ltd company, am i liable for the debt
No you are not liable, only the Company is
Does that clarify?
i have heard that sometimes a managing director of a ltd company can be held responsible if company cannot pay its debts, is that only if they guarantee the debt?
Only if there is a personal guarantee you have signed. Unless you have done this, then you are not liable
In reading this part of the contract does this make me liable?
6.11 For the purposes of this Agreement the signatories to this Agreement agree that they are acting as both employees and agents for theClient and hereby agree to immediately provide personal guarantees on request to cover the Clients due debts with the Company shouldClient payments become more than 14 days overdue.
Guarantees on request.
They have not asked you to become a guarantor.\
Therefore you cant be personally liable
thanks you havent answered a previous question: They have already taken 1 months deposit of £1100, so in theory does this count towards 3 months? and also they state on their email that they require a minimum of three months or until they have re let the office space, how would i know when they have done this?
In theory yes. But they could ask for 3 months, once you pay it, give your deposit back
They should be honest and tell you if they have re-let or you can visit every few weeks just to see for yourself
OK thanks. If i have any more questions can i step into this chat agian?
Sure. Even when you rate the question remains open, although the site may give a different impression
Ok, thanks for your time
Great. If I could ask you to rate my answer before you go today, the button should be at the bottom of the screen
If you need more help please click reply