A Deed of Variation (Lease) is a legal template that pertains to the modification or alteration of an existing lease agreement in accordance with UK law.
This document allows both the landlord and the tenant to make agreed-upon changes to the terms and conditions outlined in the original lease. These modifications might include adjustments to the rent, extension or reduction of the lease term, changes to the permitted use of the property, or amendments to maintenance responsibilities.
The Deed of Variation (Lease) offers a formal and legally binding framework for parties to record and enforce the agreed amendments, ensuring clarity and protecting the rights and obligations of all involved parties.
This document is typically used when both parties are in mutual agreement on the proposed modifications and seek to update the lease to reflect their new arrangements accurately.