Standard Security - RBS



Please enter the Bank reference here:

COMMERCIAL PROPERTY LEASE ANALYSIS

PLEASE COMPLETE AND RETURN THIS SCHEDULE PRIOR TO

REGISTRATION OF THE LEGAL CHARGE.

*Draft/Existing Lease dated (if appropriate):-__________________________________

Entered into/to be entered into between:- 1.________________________________ (Landlord)

2.________________________________ (Tenant)

3.________________________________ (Guarantor, if appropriate)

Note: Where either of the current Tenant or Guarantor is different from those named above please provide full name(s)

1. ________________________ (Current Tenant)

2. ________________________ (Current Guarantor, if appropriate)

Details of the Property:-

Note:- If only part of the Property charged/to be charged is leased/to be leased, please insert a description of the area to be leased, attaching a copy of any available plan.

Please insert the term of the Lease___________________years____________________months

Please insert the following dates ___________________________________ Start Date

___________________________________ Rent Start Date (if different from Start Date)

___________________________________ Expiry Date

Please insert the following details in relation to the rental payments:-

Initial or Quoted rental payment - £____________ per annum payable until _____________________ and then £ until __________________.

Current rental payment - £________per annum (if different from Initial or Quoted rental payment)

Payment frequency *quarterly/monthly/weekly/other please detail

Please provide full details of when and how Rent Reviews are undertaken:-

Please insert full details if the Lease contains an Option to renew:-

Full details of any Break Clauses contained within the Lease:

Has The Landlord & Tenant Act 1954 protection been excluded Yes/No *

*Please delete as appropriate.

Please insert who is responsible for the insurance of the Property:-

In whose name(s) should the policy of insurance be effected:-

Please insert who is responsible for the external repair/maintenance of the Property:-

Please insert who is responsible for the internal repair/maintenance of the Property:-

Who is responsible for remedying any contamination?

______________________________________________________________________________________________________

In the event that the Landlord is responsible for meeting any insurance, repair/maintenance or contamination costs, are these costs recoverable through Service ChargeIf only partial cost recoverable, please provide full details

When can the Lease be terminated by the Landlord?

Rent remains unpaid for _______________ days.

Covenants are breached? *Yes/No

*Liquidation/Administration/Bankruptcy/Receivership/Death of Tenant occurs *Yes/No.

A Liquidator/Receiver/Trustee has a period of ________________ to dispose of the Lease.

Is the Landlord's consent to assign the Lease required? *Yes/No

Is the Landlord’s consent to charge the Lease required? *Yes/No

Are there any stipulated terms within the Lease, which would allow the Landlord to prevent an assignment of the Lease? If so, please provide full details

Are there any other provisions which may have an effect on the Bank's security? If so, please provide full details

*Please delete as appropriate.

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download