The following Property precedent provides comprehensive and up to date legal information covering:
EXPLANATORY NOTE: IN THIS PRECEDENT, INSERT THE NAME OF THE GUARANTOR WHERE PROMPTED TO DO SO. OTHERWISE, TO KEEP THIS DECLARATION IN LINE WITH THE PRESCRIBED STATUTORY FORM, USE ‘I’ OR ‘THE TENANT’ AS APPROPRIATE. SEE DRAFTING NOTES FOR THIS PRECEDENT FOR MORE DETAILS.
I [insert name of guarantor] of [insert address] declare that:
[I OR [insert full name of guarantor]] propose[s] to enter into a tenancy of premises at [insert address of premises] for a term commencing on [a date to be agreed between the parties OR the date on which the tenancy is granted OR [insert other appropriate wording]].
[I OR The tenant] propose[s] to enter into an agreement with [insert full name of landlord] that the provisions of sections 24 to 28 of the Landlord and Tenant Act 1954 (security of tenure) shall be excluded in relation to the tenancy.
The landlord has not less than 14 days before [I OR the tenant] enter[s] into the tenancy, or (if earlier) become[s] contractually bound to do so served on [me OR the tenant] a notice in the form, or substantially in the form, set out in Schedule 1 to the Regulatory Reform (Business Tenancies) (England and Wales) Order 2003. The form of notice set out in that Schedule is reproduced below.
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