Investment acquisition—head lease [Archived]
Investment acquisition—head lease [Archived]

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

  • Investment acquisition—head lease [Archived]

This Precedent has been archived. For maintained precedent reports on title, see Report on title—long form and Report on title—short form.

Executive summary of material issues

We draw your attention to the following:

  1. [Insert material issue/area of concern]

  2. [Insert material issue/area of concern]

    1. 1

      Particulars

      1. 1.1

        Date of lease

        [Insert date of lease] [as varied by a [insert document name] dated [insert date]. The deed varied the lease by:]

        1. 1.1.1

          [[Insert details of provisions varied]]

        [For side letters:]

        [In addition you will have the benefit of a side letter dated [insert date and details]. [However, the side letter is personal to the current landlord and the benefit will automatically come to an end if and when the current landlord sells its interest in the Property.]]

      1. 1.2

        Old or new lease

        [New lease OR Old lease]

      1. 1.3

        Current tenant

        [[Insert name of seller] (the Seller) OR [Insert details and advice]]

      1. 1.4

        Current landlord

        [Insert name of landlord] of [insert address OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [insert address]].

      1. 1.5

        Head lease?

        [Yes—the landlord owns the freehold.

        OR

        No. The lease is an underlease. The superior lease is dated [insert date]. The current superior landlord is [insert name] of [insert address OR incorporated in England and Wales with company registration number [insert company registration number] whose registered office is at [address]]. [The head landlord owns the freehold.]]

        [You must also comply with

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