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PRECEDENTS
Property: [insert name of property] (‘Property’) Landlord: [insert name of landlord] (‘Landlord’) Tenant: [insert name of tenant] (‘Tenant’) Guarantor: [insert name of guarantor] (‘Guarantor’) Transaction: [insert brief details eg grant of lease of office premises at [address]] 1 [ Executive summary 1.1 Scope of report This report is addressed to you, [insert name of tenant], and has been prepared for your sole benefit in connection with the grant of a lease (‘Lease’) of the Property by the Landlord to you. It has been prepared for your sole benefit and may not be disclosed to or relied upon by any other party without our prior written consent. We have not: 1.1.1 inspected the Property; 1.1.2 save where expressly stated, carried out any searches or made any enquiries or investigations in respect of the use or development of any neighbouring property; or 1.1.3 [insert any other caveats]. 1.2 Areas of concern [insert any concerns about the terms of the lease here].] 2 [ Lease and supplemental lease documents In addition to the Lease, you will be required to complete the supplemental lease documents set out below. 2.1 Rent deposit deed A rent deposit of [insert amount]
NEWS
Ofcom has published research conducted by the Network Contagion Research Institute on the prevalence of self-injurious content in search platform results. The study found that, across Google, Microsoft Bing, DuckDuckGo, Yahoo! and AOL, one in every five results linked to content which ‘celebrates, glorifies, or offers instruction about non-suicidal self-injury, suicide or eating disorders’ within a single click, with image searches delivering 50% of harmful or extreme results. This content is also easily accessible, with 22% of the 37,647 individual search result links assessed appearing among the first five search results. One in five search results were also categorised as ‘preventative’, which included content on where people can find help, but it was also found that people are six times more likely to find harmful content when entering deliberately obscure search terms into the search engines, which poses detection challenges for services.
PRECEDENTS
To: The [ directors OR partnership] [Insert the Buyer’s name, address and (if applicable) company registration number] Dear [insert organisation name] [Insert the name and address of the Property] (the ‘Property') 1 Scope of this report and reliance This report has been prepared for your sole benefit in connection with your proposal to buy the Property from [insert name and address of Seller] (the ‘Seller') for a price of £[insert price][ plus VAT]. You have informed us that this is a purchase for development of the Property. This report is based upon our review of the Seller’s title, the replies to enquiries given by the Seller and search results. The results of our investigation are set out in this report, comprising this letter and the annexures. This report may not be disclosed to or relied upon by any other party without our prior written consent. 2 Opinion We are of the opinion that, subject to the matters referred to in this report, upon completion of the purchase of the Property, payment of the land and buildings transaction tax (LBTT)
PRECEDENTS
EXCEPTION LEASE REPORT Premises: [insert description] Tenant: [insert name] This exception lease report has been prepared in connection with your proposed purchase of [insert name of property]. Its purpose is to highlight the key letting information and any material issues or areas of concern. It is not intended to be used as a management tool. We have reported to you in full on the terms of the lease of [insert premises] which is currently vested in [insert name of current tenant] (the ‘Standard Lease’). Save as disclosed in this report, the terms of this lease are, in all material respects, the same as the terms of the Standard Lease. Executive summary of material issues We draw your attention to the following: • [Insert material issue/area of concern] • [Insert material issue/area of concern] 1 Particulars 1.1 Date [Insert date of lease][ as varied
PRECEDENTS
Property: [insert name and/or address of the Property] (‘Property’) Landlord: [insert name, address and (if applicable) company registration number of landlord] (‘Landlord’) Tenant: [insert name, address and (if applicable) company registration number of tenant] (‘Tenant’) [ Guarantor: [insert name, address and (if applicable) company registration number of guarantor] (‘Guarantor’)] 1 Executive summary 1.1 Scope of report This report is addressed to you [insert tenant’s name] and has been prepared for your sole benefit in connection with the proposed grant of a lease (‘Lease’) of the Property by the Landlord to you. You have informed us that you intend to occupy the Property as [insert tenant’s proposed use] and that you do not intend to redevelop or carry out any alterations to the Property [(other than as detailed in this report)]. This report may not be disclosed to or relied upon by any other party without our prior written consent. 1.2 Areas of concern [Insert any concerns about the Property arising from your due diligence]. [Title indemnity insurance [has been OR will be] obtained in respect of [insert details of title defect which has been/will be insured against]. The
PRECEDENTS
Property: [insert name and/or address of the Property] (‘Property’) Purchaser: [insert name, address and (if applicable) company registration number of buyer] Transaction: [insert brief details] 1 Executive summary 1.1 Scope of report This report is addressed to you [insert buyer’s name] and has been prepared for your sole benefit in connection with your proposed acquisition of the Property. This report may not be disclosed to or relied upon by any other party without our prior written consent. 1.2 [ Good and marketable title We are of the opinion that, subject to the matters referred to in this report, upon completion of the purchase of the Property, payment of [ stamp duty land tax OR land transaction tax] and registration at HM Land Registry, you will obtain a good and marketable title to the Property.] 1.3 Areas of concern [Insert any concerns about the Property arising from your due diligence]. [Title indemnity insurance [has been OR will be] obtained in respect of [insert details of title defect which has been/will be insured against]. The indemnity insurance policy provides cover up to a maximum of £[insert amount] for a period of [insert period of cover]
PRECEDENTS
Lease of [name of Property] (the Property) [Schedule [number]] Landlord: [details] (the Landlord) Tenant/you: [details] (the Tenant) 1 Particulars 1.1 Tenant The Tenant is [name] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at] [address]. For the purposes of this report, the term ‘Tenant’ includes successors in title. 1.2 Landlord The Landlord is [name] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at OR [address]. For the purposes of this report, the term ‘Landlord’ includes any person from time to time entitled to possession of the Property when this Lease comes to an end. 1.3 Tenant’s guarantor [None OR The Tenant’s guarantor is [name] of OR The tenant’s guarantor is [name] incorporated in England and Wales (company registration number [number]) whose registered office is at] [address]. 1.4 Rent deposit [Yes. Details are set out in section 25 of this report OR No]. 1.5 Head Lease [Yes. There is a head lease dated
PRECEDENTS
Executive summary of material issues We draw your attention to the following: • [insert material issue or area of concern]; • [insert material issue or area of concern] 1 Particulars 1.1 Date and parties Lease dated [insert date of lease] and made between [insert details of the original parties to the lease] [(the ‘Lease’). OR as varied by [insert document name] (the ‘Lease’)[. The deed varied the Lease by: [insert details of provisions varied]] ]. 1.2 Back letters [[None disclosed.] OR The Tenant has the benefit of a back letter dated [insert date and details of the terms of the side letter].] [You will be bound by the terms of the back letter. OR The back letter is personal to the Seller and you will not be bound by it following completion (unless you continue to act in accordance with it or agree to provide a new back letter).] [The side letter is personal to the current Tenant. OR The back letter is for the benefit of the current Tenant and its successors in title.] 1.3 Tenant The current tenant is: [insert name] [of [insert address] OR incorporated in Scotland with company registration number
PRECEDENTS
Occupational lease schedule
PRECEDENTS
ARCHIVED: This Precedent has been archived and is not maintained. To: The [directors OR partnership] [Insert the Tenant’s name, address and (if applicable) company registration number] Dear [insert organisation name] [Insert the name and address of the Property] (the Property) 1 Scope of this report and reliance This report has been prepared for your sole benefit in connection with your proposal to enter into a lease of the Property with [insert name and address of Landlord] (the Landlord) with an initial rent of £[insert rent] [plus VAT] per annum. This report is based on the assumption that you will use the Property as a [insert current use] and you do not intend to redevelop [or carry out any alterations to] the Property. This report is based on our review of the Landlord’s [and Head Landlord’s] title, the replies to pre-contract enquiries given by the Landlord and search results. The results of our investigation are set out in this report, comprising this letter and the attached appendix. This report may not be disclosed to or relied upon
PRECEDENTS
Property: [insert name and/or address of the property] (‘Property’) Seller: [insert name and address of seller] (‘Seller’) Buyer: [insert name and address of buyer] (‘you’) 1 Introduction 1.1 Scope of report This report is addressed to you and has been prepared for you in connection with your proposed purchase of the Property [for your own occupation OR as a second home OR as a buy-to-let investment]. It may not be disclosed to or relied upon by anyone else. We have investigated the Seller’s title to the Property and this report contains a summary of the key points arising from our investigations. Copies of the information obtained during the title investigation process together with a copy of the contract for sale are attached to this report and you should read these as part of this report and keep them for future reference. 1.2 Good and marketable title We are of the opinion that, subject to the matters referred to in this report, upon completion of the purchase of the Property, payment of [stamp duty land tax OR land transaction tax]
PRECEDENTS
Property: [insert name and/or address of the Property] (‘Property’) Purchaser: [insert name, address and (if applicable) company registration number of buyer] Transaction: [insert brief details] 1 Executive summary 1.1 Scope of report This report is addressed to you [insert buyer’s name] and has been prepared for your sole benefit in connection with your proposed acquisition of the Property. This report may not be disclosed to or relied upon by any other party without our prior written consent. 1.2 [ Good and marketable title We are of the opinion that, subject to the matters referred to in this report, upon completion of the purchase of the Property, payment of [stamp duty land tax OR land transaction tax] and registration at HM Land Registry, you will obtain a good and marketable title to the Property.] 1.3 Areas of concern [Insert any concerns about the Property arising from your due diligence]. [Title indemnity insurance [has been OR will be] obtained in respect of [insert details of title defect which has been/will be insured against]. The indemnity insurance policy provides cover up to a maximum of £[insert