The following Property precedent provides comprehensive and up to date legal information covering:
[name of Landlord] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (the Landlord)
[name of Tenant] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (the Tenant)
[[name of Guarantor ][of OR incorporated in England and Wales with company registration number [number] whose registered office is at] [address] (the Guarantor) ]
In this Agreement the following definitions apply:
the items listed in Schedule 2;]
the date on which the Surrender actually occurs, and ‘actual completion’ in the Standard Conditions must be construed accordingly;
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
a deed of surrender in the form set out in Schedule 1;]
[£[amount] OR [figure] per cent of the Premium];]
the guarantee dated [date] made between (1) [name of first party] and (2) [name of second party];]
[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;]
[name and address of Landlord’s solicitors and any reference] or any
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