Underlease of whole premises demised by headlease—part of office building—illustrative mark-up


Published by a ³ÉÈËÓ°Òô Property expert
Precedents

Underlease of whole premises demised by headlease—part of office building—illustrative mark-up


Published by a ³ÉÈËÓ°Òô Property expert

Precedents
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Precedent underlease of part-offices—whole of premises demised by Head Lease

This Precedent underlease is presented as a ‘tracked changes’ PDF showing the changes made to convert a head lease to an underlease, and can be downloaded, saved or printed from this link: .

NOTE: This illustrative mark-up is based upon Lease of part—offices [Archived], a previous version of our Precedent Lease of part (office). However, the purpose of this document is to demonstrate how a practitioner should approach the task of drafting an underlease and the principles remain the same.

Drafting notes to Precedent Underlease of part-offices—whole of premises demised by Head Lease

Caution

This underlease assumes that the Head Lease is a lease of office premises forming part of a building and that the premises demised by the underlease are the whole of the premises demised by the Head Lease. It therefore incorporates service charge and insurance rent on the same terms as the Head Lease. It is presented as a ‘tracked changes’ document showing the changes made to the Head

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Underlease definition
What does Underlease mean?

A lease that takes effect under another lease.

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