Fillable 17005 Rics Small Business Lease Heads Of Terms

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17005 Rics Small Business Lease Heads Of Terms

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RICS Small Business Retail Lease
Heads of Terms
rics.org/smallbusinesslease
In association with: Supported by:
RICS Small Business Retail Lease
Model Head of Terms
02 RICS Small Business Retail Lease Copyright RICS 2012
1 Property address Detailed description including plan .......................................................
.............................................................................................................
.............................................................................................................
1.1 Landlord ............................................................ Registered no. ........................
Registered office: .................................................................................
Correspondence address: ...................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ..........................................................................................
Mobile: ................................................................................................
1.2.1 Tenant ............................................................ Registered no. ........................
Registered office: .................................................................................
Correspondence address: ....................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ..........................................................................................
Mobile: ................................................................................................
1.2.2 Guarantor (if any) .............................................................................................................
Correspondence address: ...................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ...........................................................................................
Mobile: .................................................................................................
Copyright RICS 2012 RICS Small Business Retail Lease 03
1.3 Rent £........................... per annum exclusive of VAT.
Payment dates monthly .
Is the property VAT elected?
1.4 Rent free period .............................................................................................................
1.5 Landlord's initial works Is the Landlord to carry out any work before the Tenant has access?
1.6 Tenant's initial works Tenant to provide fit out plan for Landlord information/approval.
2 Deposit Deposit amount (if any) £...............................
3 Lease length, breaks and rights .............................................................................................................
3.1 Lease length and start date [Up to 5 years]. ....................................................................................
3.2 Break clause Notice period for exercising? To be at least ........................................
Single break date on ...................... or at any time after ......................
3.3 1954 Act protection Does the lease have 1954 Act protection?
Yes / No
3.4 Rights e.g. Car parking, satellite dish, air conditioning platforms, remote
storage areas. Any rights of access, servicing or other matters inc.
fire escape.
For car parking – state number and attach plan if relevant.
04 RICS Small Business Retail Lease Copyright RICS 2012
4 Rent reviews None
5 Assignment and subletting Assignment of whole allowed with Landlord consent.
Subletting not allowed.
6 Services and service charge None.
7 Repairing obligations
7.1 Schedule of condition (a) Limited repair obligation;
(b) Schedule of condition agreed? When available?
8 Alterations and use
8.1 Alterations No alterations without consent at Landlord's discretion. Tenant may
attach internal fittings but must remove at Lease end.
8.2 Permitted use [Specify use]
9 Insurance Landlord insures.
10 Lease management
10.1 Dilapidations See re repair. Schedule of Condition to be agreed and attached to
Lease.
11 Other issues None
11.1 Rates and utilities Tenant is responsible. Tenant must check actual amount with Local
Authority and utility provider, and also location of meters.
11.2 Legal costs Each party to pay own including costs of approval for tenant’s fit out.
Copyright RICS 2012 RICS Small Business Retail Lease 05
11.3 Conditions e.g.
1. Planning (is planning permission needed for Tenant’s use?)
2. Local authority consents(eg building regs) ?
3. References.
4. Survey/Schedule of Condition
11.4 General (1. Equality Act 2010 adjustments ?
2. Asbestos register?
3. Environmental issues?
4. Health & safety file and other issues?
5. Energy Performance Certificate?
6. Restrictions on Landlord’s title?
11.5 Landlord's solicitors .............................................................................................................
Company address: ..............................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ...........................................................................................
Mobile: .................................................................................................
11.6 Tenant's solicitors .............................................................................................................
Company address: ..............................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ...........................................................................................
Mobile: .................................................................................................
11.7 Timing and other matters e.g. Target for access?
11.8 No contract These Heads of Terms are subject to contract.
06 RICS Small Business Retail Lease Copyright RICS 2012
11.9 Landlord’s agent(s) .............................................................................................................
Correspondence address: ....................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ...........................................................................................
Mobile: .................................................................................................
11.10 Tenant’s agent(s) .............................................................................................................
Correspondence address: ....................................................................
Contact name: .....................................................................................
E-mail: .................................................................................................
Telephone: ...........................................................................................
Mobile: .................................................................................................
Copyright RICS 2012 RICS Small Business Retail Lease 07
rics.org
RICS HQ
Parliament Square
London SW1P 3AD
United Kingdom
Worldwide media
enquiries:
e pressoffice@rics.org
Contact Centre:
e contactrics@rics.org
t +44 (0)870 333 1600
f +44 (0)20 7334 3811
JUNE2012/DML/17005/LEASE
Advancing standards in land, property and construction.
RICS is the world’s leading qualification when it comes to
professional standards in land, property and construction.
In a world where more and more people, governments, banks and
commercial organisations demand greater certainty of professional
standards and ethics, attaining RICS status is the recognised
mark of property professionalism.
Over 100 000 property professionals working in the major established
and emerging economies of the world have already recognised the
importance of securing RICS status by becoming members.
RICS is an independent professional body originally established
in the UK by Royal Charter. Since 1868, RICS has been committed
to setting and upholding the highest standards of excellence and
integrity – providing impartial, authoritative advice on key issues
affecting businesses and society.
RICS is a regulator of both its individual members and firms enabling
it to maintain the highest standards and providing the basis for
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