Agreement for surrender
Agreement for surrender

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Agreement for surrender
  • Parties
  • Schedule 1 [Deed of Surrender OR Transfer]
  • Schedule 2 [Chattels]

Date [insert date of agreement in its full format Day-Month-Year]

Parties

  1. 1

    [insert name of Landlord] [of OR whose registered office is at] [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (the Landlord);

  1. 2

    [insert name of Tenant] [of OR whose registered office is at] [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (the Tenant);

  1. 3

    [[insert name of Guarantor] [of OR whose registered office is at] [insert address] [incorporated in England and Wales with company registration number [insert company registration number]] (the Guarantor).]

  1. 1

    Definitions

  2. In this agreement the following definitions apply:

    [Chattels

    1. the items listed in Schedule 2;]

    [Chattels Price

    1. £[insert figure];]

    Completion

    1. the date on which the Surrender actually occurs, and ‘actual completion’ in the Standard Conditions shall be construed accordingly;

    Contract Rate

    1. means [insert percentage, usually between 3 and 5] per cent above [insert bank] base rate from time to time in force, and ‘contract rate’ in the Standard Conditions shall be construed accordingly;

    [Deed of Surrender

    1. a deed of surrender in the form set out in Schedule 1;]

    [Deposit