Deed of rectification—lease

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

  • Deed of rectification—lease
  • Recitals
  • 1 Definitions
  • 2 Rectification of the Lease
  • 3 Costs
  • 4 Third parties
  • 5 Registration
  • 6 Governing law and Jurisdiction
  • The Schedule The Intended Provisions

Deed of rectification—lease

Date [insert date of deed]

Parties

  1. 1

    [Insert name] of [insert address] (Landlord)

  1. 2

    [Insert name] of [insert address] (Tenant)

  1. 3

    [Insert name] of [insert address] (Guarantor)

Recitals

    1. (A)

      This deed is supplemental to the Lease by which the Premises were let and is deemed to restate all the provisions of the Lease as varied by this deed.

    1. (B)

      The immediate reversion to the Lease is vested in the Landlord and the unexpired residue of the Term is vested in the Tenant.

    1. (C)

      As the result of an error the Lease did not clearly reflect the intention of the parties and they have agreed that the Lease should be rectified accordingly.

    1. (D)

      The Guarantor has agreed to join in this deed to consent to rectification and to confirm that its guarantee remains in full force and effect in relation to the provisions of the Lease as varied by this deed.

    1. 1

      Definitions

      For all purposes of this deed the terms defined in this clause have the meanings specified:

      Incorrect Provisions

      1. means the provisions contained in clause[s][insert clause numbers] in the Lease;

      Intended Provisions

      1. means the provisions set out in the Schedule to this deed;

      Lease

      1. means a lease dated [insert date] and made between [insert details of the original parties to the Lease];

      Premises

      1. means [insert details];

      Term

      1. means the term commencing on [insert date] and ending on [insert date] created by the Lease.

    1. 2

      Rectification

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