Commercial Lease End Of Term Template for England and Wales

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Key Requirements PROMPT example:

Commercial Lease End Of Term

"I need a Commercial Lease End Of Term document for our retail store in Manchester city centre, where we're terminating the lease on March 31, 2025, and need to address significant renovation works required by the landlord before handover."

Document background
The Commercial Lease End of Term document is essential when a commercial property lease is approaching or reaching its termination date in England and Wales. It provides a structured framework for managing the lease conclusion, ensuring both parties understand their rights and obligations. This document is particularly crucial for addressing terminal dilapidations, confirming vacant possession arrangements, settling outstanding financial matters, and documenting the condition of the premises. It helps prevent disputes and ensures compliance with relevant property legislation, including the Landlord and Tenant Act 1954 and the Dilapidations Protocol.
Suggested Sections

1. Parties: Details of landlord and tenant, including registered addresses

2. Background: Details of original lease, term end date, and purpose of document

3. Definitions: Key terms used throughout the document

4. Confirmation of Term End: Formal acknowledgment of lease termination date

5. Vacant Possession: Requirements for delivering vacant possession

6. Dilapidations Settlement: Agreement on repairs and reinstatement obligations

Optional Sections

1. Deposit Return: Terms for return of any security deposit - use when a deposit was held under the original lease

2. Outstanding Payments: Settlement of any remaining rent or service charges - use when there are outstanding financial matters

3. Holding Over: Provisions for temporary continuation if required - use when tenant needs additional time to vacate

Suggested Schedules

1. Schedule of Dilapidations: Detailed list of required repairs and reinstatement works

2. Schedule of Condition: Current condition of premises at termination

3. Inventory of Fixtures: List of fixtures to be removed or retained

4. Financial Statement: Summary of all financial settlements and adjustments

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Industries

Landlord and Tenant Act 1954 (Part II): Primary legislation governing business tenancies, including security of tenure provisions, procedures for ending business tenancies, and grounds for opposing renewal

Law of Property Act 1925: Foundational property law legislation establishing basic property law principles and requirements for legal interests in land

Regulatory Reform (Business Tenancies) (England and Wales) Order 2003: Legislation modifying procedures for contracting out of the 1954 Act and establishing notice requirements

Dilapidations Protocol: Pre-Action Protocol governing terminal dilapidations procedures and schedule of condition requirements

Landlord and Tenant (Covenants) Act 1995: Legislation governing assignment and guarantees, and the release of tenant obligations

Health and Safety at Work Act 1974: Legislation establishing obligations regarding property condition and safety compliance requirements

Environmental Protection Act 1990: Legislation covering environmental obligations and waste management requirements

Energy Performance of Buildings (England and Wales) Regulations 2012: Regulations establishing EPC requirements and energy efficiency obligations for buildings

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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