| UK Deed of Commercial Lease for office space ($25.00) | |
Use this template to assist you in preparing a Deed of Commercial Lease for the United Kingdom between a landlord, a tenant and a surety, for the lease of office premises. Provisions of the agreement include:
- 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 premises.
- The tenant will use the premises for the agreed upon 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 (as defined in the lease) and will keep the building insured against damage or destruction, as well as third party and liability insurance.
- The surety is jointly and severally liable with the tenant for performance of all of the tenant's obligations under the lease.
- Extensive rent review provisions.
This legal agreement is governed by English law and is for use in England and Wales.
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