template

Lease Grant Heads Of Terms

by
Genie Team
Genie Team
Oct, 10 2023

When to use this template

This legal template for Lease Grant Heads of Terms under UK law is a comprehensive document that outlines the key provisions and terms of a lease agreement between a landlord and tenant. It serves as a preliminary agreement before drafting the final lease contract and helps guide the negotiation process between the parties involved.

The template provides a structured format for documenting the fundamental terms and conditions of the lease, ensuring both parties are on the same page and reducing the chance of misunderstandings or disputes later on. It covers a wide range of essential aspects including property details, lease duration, rent and deposit amounts, rent review provisions, repair and maintenance responsibilities, insurance obligations, termination conditions, and any special considerations or clauses.

The Lease Grant Heads of Terms template aims to provide a clear overview of the proposed lease, enabling both parties to assess the feasibility of the agreement and identify potential issues or areas of negotiation. It serves as a foundation for lawyers or legal professionals to draft the lease agreement accurately, incorporating these agreed-upon terms within the final contract.

By utilizing this template, landlords and tenants can establish a transparent and mutually beneficial lease arrangement while ensuring compliance with relevant UK laws and regulations. It ultimately facilitates a smoother and more efficient leasing process for all parties involved.

Key issues covered in this template

  • Car park spaces
  • Conveyancer's details
  • Fitting-out works
  • Rent amount
  • Rent review
  • Repairing obligations
  • Service charge
  • Tenant's lawyer
  • Term of lease
  • Upwards only rent
  • N/A

What to watch out for

  • The document should state that it is non-binding, so that both parties are aware that they are not committed to anything at this stage

  • Make sure that you are happy with the terms that are proposed, as these will form the basis of any future lease agreement

  • If there are any areas that you are unsure about, or which you would like to negotiate further, make sure to raise these with the other party before proceeding

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Author

Genie Team

Genie Team

@genieteam
Genie AI Team

The Genie Team consists of lawyers and paralegals. Our aim is to open source the law and provide high quality, regularly reviewed legal documents.

UKI Ltd
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Additional information

Business categories

Business activities

Contract type

Relevant sectors

Construction

Real Estate

Relevant company sizes

1 - 3

20 - 49

250 - 999

4 - 19

50 - 249

1000 +

Governing law

England and Wales

Language

English UK

Gender neutral

Yes