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HEADS
OF TERMS / Nostell Estate Yard / Subject to Contract and Lease
1. Development:
Nostell Estate Yard, Doncaster Road, Nostell, Wakefield WF4 1QD
2. Premises:
Unit _ (_ Suite) on the Development, shown coloured red on the enclosed
plan
3. Landlord:
The Right Hon The Lord St Oswald, Nostell Estate Office, Doncaster
Road, Nostell, Wakefield WF4 1QD
4. Landlord's solicitors:
Paul Nash, Wrigleys, 19 Cookridge Street, Leeds LS2 3AG
phone: 0113 244 6100 fax: 0113 244 6101
email: paul.nash@wrigleys.co.uk
5.
Tenant:
Name
Address
Contact name:
Phone:
Fax:
Email:
6. Tenant's Solicitor: Name:
Address:
Contact name:
Phone:
Fax:
Email:
7. Surety:
Name:
Address:
8. Term _ years starting on _/ the date on which the Lease is granted
9. Term Start Date _ / practical completion of the works to convert
the Premises to offices
10. Break Tenant-only break on the _ anniversary of the Term Start
Date in year _ subject to 6 months prior notice. If the break is
exercised in year _ the Tenant is to pay a penalty of £_
11. Rent £_ per annum (£_ per square foot)
12. Rent Days 1 January, 1 April, 1 July and 1 October
13. Rent Review Upward only every three years to open market rent.
14. Service Charge 10% of Rent
15. Permitted Use Offices within Use Class B1(a)
16. Permitted Dealings Assignment of whole with Landlord's prior
consent not to be unreasonably withheld or delayed. Assignment of
part, underletting of whole or part is not permitted. Sharing of
occupation by a group company is permitted only for so long as both
companies remain within the same group
17. Landlord and Tenant Act The Lease will be excluded from
the Landlord and Tenant Act 1954
18. Parking Spaces _ parking spaces will be allocated to the Premises,
within such part of the Development as the Landlord may from time
to time specify (1 space per 240 square feet net internal area of
the Premises)
19. Repair The Tenant will be responsible for internal non-structural
repair. The Landlord will maintain and repair the exterior, structure
and roof, and common parts of the Development
20. Decoration The Tenant is to redecorate the interior of the Premises
every five years and in the last six months of the Lease term
21. Insurance The Landlord will insure the Premises. The Tenant
is to reimburse the insurance premium to the Landlord on demand
22. VAT Vat will be payable on the rent, service charge and other
payments under the Lease
23. Rates The Tenant will be responsible for rates, water, electricity
and other outgoings supplied to the Premises. The Premises will
be supplied with separate meters
24. Legal Costs Each party is to be responsible for its own costs
in completing the Lease and any associated documents
25. Other Terms The Lease will be on the standard terms for leases
of units on the Development
26. Agreement for Lease The parties will enter into an Agreement
for Lease as soon as possible, to confirm their mutual commitment
to the project |
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