Business Lease Heads of Terms
These Business Lease Heads of Terms are designed to ensure that the landlord and tenant agree all significant points of principle before the landlord prepares and issues the draft lease (or asks his solicitors to do so).
The Heads of Terms prompt the parties to a business lease to record administrative information, such as the parties’ contact details, and to set out what has been agreed in relation to key points such as the lease term, break rights, assignment and underletting and repair. They also prompt the landlord to provide an Energy Performance Certificate (EPC).
It is good practice to attach a plan to the Heads of Terms so that the extent of the property is clearly defined. If the lease is to have a term of more than 7 years the plan must be Land Registry compliant. Further information about the Land Registry's requirements for lease plans can be found on the www.gov.uk website: https://www.gov.uk/government/publications/land-registry-plans-guide-overview.
This Business Lease Heads of Terms template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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