Commercial Property Heads of Terms
A commercial lease transaction is likely to run much more smoothly if the landlord has done appropriate preparatory work before issuing the draft lease.
These Commercial Property Heads of Terms templates cover a range of letting options to help the landlord and tenant to agree points of principle at an early stage. They outline the principal terms agreed upon by the parties involved in the transaction so that both parties have a clear understanding of the letting before proceeding to formal lease.
While not typically legally binding (except for certain provisions such as confidentiality), they provide a framework for the formal lease and set out the key terms of the letting - property details, agreed rent, payment terms, duration of lease, any conditions precedent to the agreement such as planning permissions or licenses, responsibilities of each party, and any agreed clauses like break options or repair obligations.
The documents are constructed in Word format, and can be customised to meet your requirements. Please click on the links below to access the documents.
For use in England and Wales only
- Tenancy at Will Heads of Terms
- Licence to Occupy Heads of Terms
- Guidance Notes: Business Tenancy Agreements
- Lease/Licence Distinction Flowchart
- Business Lease Heads of Terms
- Underlease of Whole Heads of Terms
- Underlease of Part Heads of Terms
Commercial Property Heads of Terms is part of Property . Just £35.00 + VAT provides unlimited downloads from Property for 1 year.