Tenant’s offer—back provisions
Tenant’s offer—back provisions

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

  • Tenant’s offer—back provisions
  • The ScheduleThe assignment conditions precedent

    1. 1

      Assignment of whole conditions precedent—offer back

      1. The Tenant must not assign the whole of the Property:

      2. 1.1

        unless it has either:

        1. 1.1.1

          given written notice to the Landlord pursuant to the provisions of paragraph 1 of the Schedule (Tenant’s notice of proposed assignment) and the Landlord has not served a written counter-notice on the Tenant pursuant to the provisions of paragraph 1.2 of the Schedule (Landlord’s counter-notice); or

        2. 1.1.2

          made a written offer to the Landlord pursuant to the provisions of paragraph 2 of the Schedule (Tenant’s offer to surrender) and the Landlord has not accepted the offer under the provisions of paragraph 2.2 of the Schedule (Failure to accept surrender); or

      3. 1.2

        outside whichever of the periods of [insert period, eg 180 days] specified in paragraphs 1.2 (Landlord’s counter-notice) and 2.2 (Failure to accept surrender) of the Schedule is relevant to the particular transaction; or

      4. 1.3

        [to a person connected with the Tenant within the meaning of the Corporation Tax Act 2010, s 1122, provided that a person is to be treated as connected with the Tenant in relation to any assignment or proposed assignment if that person is not dealing with the Tenant at arms' length; or]

      5. 1.4

        otherwise

Related documents: