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Document Id : 6617
File Type : Microsoft Word
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UK Deed of Commercial Lease for Office Space
UK landlords, let office or retail space to a tenant with this comprehensive UK Deed of Commercial Lease for Office Space.
- The parties to the lease are the (i) landlord and (ii) the tenant and a surety, who will be jointly and severally liable for performance of the tenant's obligations under the lease.
- The tenant covenants to pay rent, its proportionate share of charges for services, insurance rent, and VAT, as well as interest on all amounts not paid when due.
- The tenant will also pay all rates, taxes, duties and outgoings with respect to the office premises.
- The tenant will use the premises for its stated business purposes only.
- The tenant agrees keep the premises clean and in good condition and repair, except for repairs for damages caused by insured risks.
- The tenant may assign or sublet all (but not part) of the premises with the landlord's consent.
- The tenant will comply with the provisions of the Town and Country Planning Act 1990.
- The landlord will provide the services set out in the lease and will keep the building insured against damage or destruction, as well as third party and liability insurance.
- The lease contains extensive rent review provisions.
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