THE LETTING TERMS Sample Clauses
The "Letting Terms" clause defines the specific conditions and rules under which a property is rented to a tenant. It typically outlines key details such as the duration of the lease, rent amount, payment schedule, permitted uses of the property, and any restrictions or obligations for both landlord and tenant. For example, it may specify whether subletting is allowed or set requirements for property maintenance. The core function of this clause is to establish clear expectations and responsibilities for both parties, thereby reducing the risk of disputes and ensuring a smooth tenancy.
THE LETTING TERMS. 2.1 In consideration of the Premium referred to in clause LR7 paid by the Leaseholder to the Landlord (the receipt whereof is hereby acknowledged) and of the rent covenants and conditions hereinafter reserved and contained and on the part of the Leaseholder to be observed and performed the Landlord hereby demises unto the Leaseholder ALL THAT the Property more particularly described in Schedule 1 hereto TOGETHER WITH the easements rights and privileges set out in Schedule 2 hereto EXCEPT AND RESERVING unto the Landlord the easements rights and privileges set out in Schedule 3 hereto TO HOLD the same (subject to the stipulations conditions and all other rights easements liberties and privileges to which the Property or the Building or any part thereof are now or may at any time during the continuance of the term be subject) unto the Leaseholder for the term referred to in clause LR6 (determinable nevertheless as hereinbefore provided) paying therefore during the Term hereby granted the yearly rent of £10.00 and Service Charge to be paid annually on the 1st of April and the further and additional rent hereafter mentioned to be paid by equal monthly payments in advance on the First day of each month the first payment to be made on the execution hereof and to be for the period from the date hereof to the day of next
2.2 The parties agree that that the provisions of sections 18 to 30B of the Landlord and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and of Part V of the Landlord and ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ all of which regulate service charges shall apply to the provisions of this Lease.
THE LETTING TERMS. The Landlord in consideration of the rent reserved by, and the covenants in, this Lease at the request of the Guarantor lets to the Tenant all the Premises together with the rights set out in Schedule 1, Part 2 (Rights enjoyed with demise) and except and reserved to the Landlord the rights set out in Schedule 1, Part 3 (Exceptions and reservations) for the term of 10 (ten) years commencing on 14 November 2012 and expiring on 13 November 2022 subject to and with the benefit of the Encumbrances the Tenant paying during the Term:
(a) the yearly rent of £468,467 (subject to revision under Schedule 2 (Rent reviews)) by equal quarterly payments in advance on the usual quarter days in every year, the first (or a proportionate part) of such payments in respect of the period commencing on the date of this Lease and ending on the following quarter day to be made on the grant of this Lease; and
(b) as additional rent:
(i) the monies payable by the Tenant under Schedule 3 (Insurance provisions) and Schedule 4 (Service charge provisions) commencing on the grant of this Lease;
(ii) Interest payable by the Tenant under the terms of this Lease; and
(iii) such value added tax as may be chargeable on the rent and the other additional rents reserved by this Lease.
THE LETTING TERMS. In consideration of the rent reserved by and the covenants in this Lease:-
THE LETTING TERMS. In consideration of the Premium (receipt of which the Landlord acknowledges), the Specified Rent and the Leaseholder’s covenants in this Lease the Landlord lets the Premises to the Leaseholder:
(a) together with the rights set out in Schedule 2 (Easements, Rights and PrivilegesEasements, Rights and Privileges ) and together with the rights; but
(b) subject to the provisions set out in Schedule 5 (StaircasingStaircasing ); and
(c) except and reserved to the Landlord the rights set out in Schedule 3 (Exceptions and ReservationsExceptions and Reservations );
(d) for the Term, the Leaseholder paying during the Term the Specified Rent and Service Charge (subject to revision under Schedule 4 (Rent ReviewRent Review)) by equal monthly payments in advance on the first day of each month, the first payment to be made on the date of this Lease.
THE LETTING TERMS. The Landlord in consideration of the yearly rent reserved by and the covenants contained in this Lease with limited title guarantee lets to the Tenant all the Premises together with the rights set out in the First Schedule, Part 1 excepting and reserving to the Landlord the rights set out in the First Schedule, Part 2 to hold for the Term subject to subject to the Third Party Matters and subject to the provisions for earlier termination set out in this Lease and the Encumbrances, the Tenant paying during the Term: from the Rent Commencement Date the Rent (if demanded) by annual payments in advance on the anniversary thereof.
THE LETTING TERMS. In consideration of the Premium (receipt of which the Landlord acknowledges), the Specified Rent and the Leaseholder’s covenants in this Lease the Landlord lets the Premises to the Leaseholder:
(a) together with the rights set out in Schedule 2 (Easements, Rights and Privileges ) and together with the rights; but
(b) subject to the provisions set out in Schedule 5 (Staircasing ); and
(c) except and reserved to the Landlord the rights set out in Schedule 3 (Exceptions and Reservations );
(d) for the Term, the Leaseholder paying during the Term the Specified Rent (subject to revision under Schedule 4 (Rent Review)) by equal monthly payments in advance on the first day of each month, the first payment to be made on the date of this Lease.