Deed of rectification—lease
Deed of rectification—lease

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

  • Deed of rectification—lease
  • Parties
  • Recitals
  • The ScheduleThe Intended Provisions

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.

  2. (B)

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

  3. (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.

  4. (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

  2. 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