Agreement for surrender
Agreement for surrender

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

  • Agreement for surrender
  • 1 Definitions
  • 2 Interpretation
  • 3 Agreement to surrender
  • 4 Agreement to accept surrender
  • 5 Deposit
  • 6 Deduction of title
  • 7 Repayment of Rent and Rent Deposit
  • 8 Settlement of claims
  • 9 Release from liability
  • More...

Date [date]

Parties

  1. 1

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

  1. 2

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

  1. 3

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

    1. 1

      Definitions

      In this Agreement the following definitions apply:

      [Chattels

      1. the items listed in Schedule 2;]

      [Chattels Price

      1. £[amount];]

      Completion Date

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

      Contract Rate

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

      [Deed of Surrender

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

      [Deposit

      1. [£[amount] OR [figure] per cent of the Premium];]

      [Guarantee

      1. the guarantee dated [date] made between (1) [name of first party] and (2) [name of second party];]

      [Guarantor’s Solicitors

      1. [name and address of Guarantor’s solicitors and any reference] or any other firm that the Guarantor nominates in writing to the Landlord’s Solicitors and the Tenant’s Solicitors;]

      Landlord’s Solicitors

      1. [name and address of Landlord’s solicitors and any reference] or any

Popular documents