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The pre-letting agreement ('the PLA') will set out the landlord's obligations to the tenant regarding the landlord's works. These will vary depending upon the nature of the works and the status of the tenant. A tenant should ensure the PLA includes the following:
an obligation to carry out the works in a good and workman-like manner and with sound materials in accordance with the terms of any approvals
a prohibition on using any material or substance that is not in accordance with good current building practice (sometimes known as 'deleterious materials')
a right for the tenant to request reasonable alterations to the works (often known as 'tenant requested modifications' or 'TRMs')
a target date for completion of the works and a mechanism allowing the tenant to rescind the PLA if the works have not been completed by a specified longstop date
a right for the tenant (or its surveyor) to be present on the architect's (or other certifying professional's) inspection of the works, with a view to issuing the certificate of practical completion
provisions obliging the architect (or other certifying professional) to pay due regard to any representations made by the tenant with regard to the issue of the certificate (see Practice Note: Agreements for lease with development obligations—information, site visits and inspection)
The PLA should set out the circumstances in
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This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA documentation and related topics. It covers LMA updates from early 2013 to January 2016. For the latest LMA developments since January 2016, see Practice Note: Loan Market Association (LMA)—latest news on
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