Description and usage Underlease of Office Building This lease template is designed for the sublet or underletting of a whole building for commercial office purposes for 7 years or longer. This thirteen page document contains 13 clauses covering - land registry clauses
- definitions
- interpreting this lease
- grant
- the head lease
- rent, interest and other payments
- rent review
- consents
- using the premises
- indemnity
- the end of this lease
- guarantee
- exclusion of Sections 24 – 28 of the 1954 Landlord and Tenant Act
A Schedule is included, allowing parties to detail variations to the Head Lease. The lease is designed for use in England and is in a form suitable for registration at the Land Registry. You need this document if you are a tenant of a commercial building, looking to sublet the whole building for 7 years or more. What's in it? - See detailed Explanatory Notes below
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