Deed of surrender

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

  • Deed of surrender
  • 1 Definitions
  • 2 Interpretation
  • 3 Surrender and acceptance
  • 4 Reimbursement of Annual Rent, etc
  • 5 Settlement of claims
  • 6 Release
  • 7 Mortgagee's consent
  • 8 Guarantor’s consent
  • 9 Costs
  • More...

Deed of surrender

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] (Landlord)

  1. 2

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

  1. 3

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

  1. 4

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

    1. 1

      Definitions

      In this Deed, the following definitions apply:

      [[Annual Rent

      1. the yearly rent reserved by the Lease;]

      [Insurance Rent

      1. the Tenant’s contribution to the Landlord’s costs of insuring the Property (as provided for by the Lease);]

      Lease

      1. the lease of the Property dated [date] made between (1) [the Landlord OR [name of original landlord]] [and] (2) [the Tenant OR [name of original tenant]] [and (3) [the Guarantor OR [details of original guarantor or any other third party to the Lease]]], and any supplemental or collateral document (whether or not expressed to be so);

      [Legislation

      1. all legislation having effect in the United Kingdom at any time during the term of this Deed, including:

        1. (a)

          Acts of Parliament

        2. (b)

          orders, regulations, consents, licences, notices and bye laws made or granted:

          1. i

            under any Act of Parliament;

          2. ii

            by a local authority

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