Description and usage Lease of Restaurant This lease of a restaurant addresses the rights and obligations of the landlord and tenant. This sixteen page document contains 15 clauses covering - definitions
- grant of lease
- rent and other payments
- tenant’s obligations
- landlord’s obligations
- alterations
- rent review
- termination
- rent suspension
- expiry of lease
- assignment and subletting
- governing law and disputes
- notices
- statutory matters
- the scope of the agreement
Schedules are included, detailing the premises, rights granted by the landlord, reservations excepted from the lease by the landlord, services, tenant’s licensing covenants and tenant’s trading covenants. It also includes the documents and wording required under the latest regulations to exclude the security of tenure provisions of the Landlord & Tenant Act 1954. Though reasonably even-handed, the lease is generally landlord-friendly. The restaurant lease is designed for use in England & Wales. What's in it? - See detailed Explanatory Notes below
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