Deed of surrender

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

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

Deed of surrender

DateD [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:

      [Guarantor

      1. the third-named party to this deed or any other person who has entered into a guarantee of the Tenant’s covenants and obligations in the Lease;]

      Lease

      1. the lease of the Property dated [date] and made between [details] and any documents supplemental to or collateral with it, whether or not expressed to be so;

      [Premium

      1. £[amount] payable on the date of this deed by the [Tenant to the Landlord OR Landlord to the Tenant];]

      Property

      1. the premises known as [description] demised by and described in more detail in the Lease;

      Rent Payment Day

      1. [has the same meaning given to it in the Lease. OR means the quarter day following the date of this deed.]

      [Settlement Amount

      1. £[amount] payable on the date of this deed by

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