date [date] parties 1 [name of Owner] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at OR [address] (Owner) 2 [name of Property Manager] of OR incorporated in England and Wales (company registration number [number]) whose registered office is at] [address] (Property Manager) 1 Definitions In this Agreement, the following definitions apply: Additional Service • any additional service that the Owner instructs the Property Manager to provide in accordance with clause 8; Anti-Bribery Laws • BA 2010 [and any other Legislation relating to the prevention of bribery or corruption] [(including any similar or equivalent legislation in any other relevant jurisdiction)]; BA 2010 • Bribery Act 2010; CAA 2001 • Capital Allowances Act 2001; CDM Regulations • Construction (Design and Management) Regulations 2015, SI 2015/51; [Change of Control • arises where Control in relation to the Property Manager is no longer vested in the persons in whom it is vested today;] Codes of Practice • include the editions of: (a) the RICS Rules of Conduct; and (b) in so far as they are applicable to the Property Manager’s duties under this Agreement: i any RICS Regulatory Scheme; ii any RICS professional statement, standard or guidance; (or any equivalent rules, schemes, statements, standards or guidance relating to the management

Company number: [insert number] [insert company name] [LIMITED OR PLC] (the Company) Form of proxy for general meeting Before completing this form please read the explanatory notes I/We, Name of shareholder(s) ............................................................................................................................................ In the case of joint shareholders, the names of all joint holders should be shown being a member/members of the Company, appoint Name of proxy .................................................................................................................................................. (complete in block capitals) Tick this box if this proxy appointment is one of multiple appointments ..................For the appointment of more than one proxy, please refer to note 3 below. number of Shares to which this proxy relates ..................Note: Leave blank if you are only appointing one proxy in respect of all your shares or, if no one is named in the box as proxy, the chair of the meeting as my/our proxy to exercise all or any of my/our rights to attend and speak for me/us and on my/our behalf[, whether in person or remotely via electronic means,] at the general meeting of the Company to be held at [insert time] on [insert

[insert company name] [LIMITED OR PLC] (the Company) Form of proxy—annual general meeting Before completing this form please read the explanatory notes I/We, Name of shareholder(s) In the case of joint shareholders, the names of all joint holders should be shown ............................................................................................................................................ being a member/members of the Company, appoint Name of proxy .................................................................................................................................................. (complete in block capitals) Tick this box if this proxy appointment is one of multiple appointments ..................For the appointment of more than one proxy, please refer to explanatory note 3 below. number of Shares to which this proxy relates .................................................Leave blank if you are only appointing one proxy in respect of all your shares or, if no one is named as proxy in the box above, the chair of the meeting, as my/our proxy to exercise all or any of my/our rights to attend and speak for me/us and on my/our behalf[, whether in person or remotely via electronic means,] at the annual general meeting of the Company (the AGM) to be held at [insert time] on [insert date] (and at any adjournment of the AGM). I/We have indicated

The requirements for an assured tenancy (AT) (including an assured shorthold tenancy) are set out in section 1 of the Housing Act 1988 (HA 1988). This provides: 'A tenancy under which a dwelling-house is let as a separate dwelling is for the purposes of this Act an assured tenancy if and so long as– (a) the tenant or, as the case may be, each of the joint tenants is an individual; and (b) the tenant or, as the case may be, at least one of the joint tenants occupies the dwelling-house as his only or principal home; and (c) the tenancy is not one which by virtue of subsection (2) or (6) cannot be an assured tenancy.' HA

HM Land Registry Prescribed Clauses LR1. Date of the lease [date] LR2. Title number(s) LR2.1 Landlord's title number(s) [title number(s) out of which this Lease is granted (but leave blank if the Landlord’s title is unregistered)] LR2.2 Other title numbers [existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be made] LR3. Parties to this lease Landlord [[OPTION 1—name of Landlord (not an overseas entity)] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at OR [address] OR[OPTION 2—name of Landlord (overseas entity)] [incorporated OR formed OR in [territory of incorporation/formation] (registration number [number]) [and registered at Companies House (company registration number BR[number])] (overseas entity ID [[number] OR not required OR ) whose registered office is at [address]OR Tenant [[OPTION 1—name of Tenant (not an overseas entity)] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at OR [address] OR[OPTION 2—name of Tenant (overseas entity)] [incorporated OR formed OR in [territory of incorporation/formation] (registration number [number]) [and registered at

Forfeiture provisions in rack-rented occupational leases are commonly accepted; this is because those leases rarely have capital value. However, long leases (which usually have a minimal ground rent) are considered to be more akin to freeholds and are likely to have a substantial capital value (with a substantial premium often having been paid on the grant of them). Lenders who take mortgage security over long leases are therefore keen to ensure that either: • the lease does not contain a right for the landlord to forfeit, or • sufficient protections for the lender are built into any forfeiture provision Mortgagee’s rights on forfeiture If the breach that triggers the landlord’s right to forfeit is non-payment of rent, a mortgagee can apply either for relief from forfeiture (as if it were an undertenant) or for a vesting order (see Law of Property Act 1925 (LPA 1925), s 146(4)). Where forfeiture arises in relation to a breach of any other covenant, the court has a statutory discretion either to grant a mortgagee of the property relief from forfeiture

FORTHCOMING CHANGE: Section 1 of the Leasehold and Freehold Reform Act 2024 bans the grant or assignment of most long residential leases of houses. For details of the commencement date for that provision, see Practice Note: Leasehold and Freehold Reform Act 2024—key provisions. IMPORTANT—THIS LEASE IS A LEGALLY BINDING DOCUMENT. BEFORE SIGNING IT YOU SHOULD READ IT CAREFULLY TO ENSURE THAT IT CONTAINS EVERYTHING YOU DO WANT AND NOTHING UNACCEPTABLE TO YOU.YOU SHOULD NOT SIGN THIS DOCUMENT UNLESS YOU HAVE TAKEN LEGAL ADVICE ON IT FROM A SOLICITOR OR LICENSED CONVEYANCER WHO IS INDEPENDENT OF THE LANDLORD. HM Land Registry Prescribed Clauses LR1. Date of the lease [date] LR2. Title Number(s) LR2.1 Landlord's title number(s) [title numbers out of which this lease is granted (but leave blank if the Landlord’s title is unregistered)] LR2.2 Other title numbers [existing title number(s) against which entries of matters referred to in LR9, LR10, LR11 and LR13 are to be made] LR3. Parties to this lease Landlord [[OPTION 1—insert name of Landlord (not an overseas entity)] [of OR incorporated in England and Wales with company registration number [number] whose registered office is at]

A costing model based on LRIC (long run incremental costs) analysis, in which the total traffic costs for both interconnecting carriers are divided by the total demand, rather than assigning unique costs to each communications provider.

The costs caused by the provision of a defined increment of output, taking a long run perspective, assuming that some output is already produced. The 'long run' means the time horizon over which all costs (including capital investment) are variable.

Insurance of risks in respect of which claims may not be notified or settled until a relatively long time after the policy period expires (eg asbestos related illness on losses occurring policies).

LTIP is an acronym for ‘long-term incentive plan’, which is a term that is commonly used among listed companies to describe an executive share incentive plan under which share-based awards are made to senior employees with a vesting period of at least three years.

Planning analysis: The government has published a substantially revised version of the National Planning Policy Framework (NPPF). As expected, the new NPPF separates plan-making and decision-making policy and makes significant changes to the presumption in favour of sustainable development, development around well-connected stations, housing density, green belt policy, and viability. A consultation response, published on the same day, confirms that the government has taken forward most of the proposals consulted on in December 2025, albeit with a number of significant changes. These include a revised approach to minimum densities around stations, wider application of the policy supporting development around well-connected stations, new provisions for strategic sites and changes to Protected Landscapes. This analysis provides an overview of the main changes to English national planning policy introduced by the new NPPF. More detailed analysis on the implications for decision-making and plan-making will follow.