GRANT OF THE LEASE Clause Samples

GRANT OF THE LEASE. 1.1 The Seller will procure the grant of the Lease to the Buyer on Completion. 1.2 The Lease will be granted substantially upon the terms and conditions of the Specimen Lease.

GRANT OF THE LEASE. The Seller will procure the grant of the Lease to the Buyer on Completion.

GRANT OF THE LEASE. 2.1 The Landlord leases the Property to the Tenant for the Term.

GRANT OF THE LEASE. 8.1.1 The Lease and a counterpart of it shall be duly executed by the Lessee on the execution of this Agreement and shall be held in escrow by the Lessor’s Solicitors pending execution by the Lessor and delivery from escrow in accordance with this Agreement. 8.1.2 The Lessor shall within five (5) Working Days after the Date of Practical Completion grant the Lease to the Lessee in accordance with the terms and conditions of this Agreement, which shall be the “Completion Date” for the purposes of this Agreement. 8.1.3 Unless the Lessor decides otherwise, the grant of the Lease shall be completed at the office of the Lessor’s Solicitors and the documents to be delivered pursuant to clause 8.4 of this Agreement shall be delivered at the same time.

GRANT OF THE LEASE. 13.1 Subject to the above provisions of this Agreement the Landlord shall grant or procure the grant of and the Tenant shall accept the Lease and the Licence for Alterations which shall both be completed on the date falling five Working Days from the latest of the Date of Practical Completion the date of determination of the Net Internal Area of the Premises pursuant to clause 6 and the provision of the final warranty agreement pursuant to clause 7. 13.2 The initial annual rent first reserved by the Lease shall be ascertained by multiplying by (pound)20 the number of square feet comprised in the Net Internal Area of the Premises and shall be payable on and from the Rent Commencement Date up to and including the Rental Uplift Date Provided Always that if the Landlord's Works have not been practically completed by the Landlord's Works Completion Date then such initial annual rent shall not be payable during the period commencing on the Rent Commencement Date for a period equal to the number of days commencing on the Landlord's Works Completion Date and expiring on the Date of Practical Completion. 13.3 On and from the Rental Uplift Date until the First Review Date the annual rent reserved by the Lease shall be ascertained by multiplying by (pound)25 the number of square feet comprised in the Net Internal Area of the Premises. 13.4 The Tenant shall on and from the date of completion of the Lease in accordance with clause 13.1 pay to the Landlord 13.4.1 the Rent payable on and from the Rent Commencement Date; 13.4.2 the insurance rent and service charge payable on and from the Term Commencement Date credit being given for any licence fee or other monies paid in advance and attributable to any period arising after the grant of the Lease. 13.5 The Rent Review Dates specified in the Particulars of the Lease shall be the dates of expiry of the fifth and tenth years of the term of the Lease. 13.6 The Lease shall be for a term of 15 years from and including the Term Commencement Date. 13.7 Engrossments of the Lease and the Licence for Alterations and their respective counterparts shall be prepared and delivered to the Tenant by the Landlord's Solicitors not less than ten Working Days prior to the date of completion as defined in clause 13.1. 13.8 The Tenant shall provide the Landlord's Solicitors with four complete sets of all plans drawings and other documents referred to in the Licence for Alterations. 13.9 The Tenant and the Landlord shall execute the originals a...

GRANT OF THE LEASE. (1) On the Lease Completion Date the Landlord shall grant and GPL shall procure the grant of and the Tenant shall accept a lease of the Property for a term of 5 years from the Term Commencement Date in the Agreed Form and the parties will enter into the Side Deed. (2) The rent payable under the Lease shall commence to be payable on and the first instalment or a due proportion of that instalment shall be paid on the Rent Commencement Date. (3) The additional rents payable under the Lease shall commence to be payable on and the first instalment or a due proportion of that instalment shall be paid on the Rent Commencement Date. (4) The Lease shall be completed at or before 2 pm at the Landlord's solicitors' offices or elsewhere in England as they may reasonably direct. The Landlord shall not be bound to complete otherwise than on a Business Day and otherwise than between 9.30 am and 5.30 pm.

GRANT OF THE LEASE. The Lease will be granted within 10 business days after the date of practical completion and any other handover conditions. On completion of the Lease, the Landlord will provide the Tenant with all operating documents e.g. Health and Safety Manual, Operation and Maintenance Manuals, as-built drawings and other information to be agreed between Landlord and Tenant. Termination of the Agreement: Mechanism to be provided for whereby, in the event that the Council is unable to fulfil its obligations (i.e. it cannot complete the Works within the relevant time period), the Tenant can terminate the agreement. All funds held in escrow at that point would be released. [NOTE TO EALING COUNCIL: Trigger points and recovery of funds already applied to be discussed]

GRANT OF THE LEASE. 3.2.1 The Vendor is the freehold owner of the Estate in fee simple; 3.2.2 In consideration of the payments to be made hereunder by the Purchaser on account of the Purchase Price and of the mutual agreements and covenants contained in this Agreement the Vendor shall construct the Property and grant the Lease of the Property and the Purchaser shall pay the Purchase Price for and accept the Lease of the Property and execute a duplicate of it in accordance with the terms of this Agreement.

GRANT OF THE LEASE. 5 3. Occupation.............................................................5 4.