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Lease Extension Amendment
"I need a Lease Extension Amendment for a residential property in London, extending the current lease by 90 years, with completion targeted for March 2025 and a premium of £50,000."
1. Parties: Identification of landlord and tenant, including registered addresses
2. Background: Details of original lease and reason for extension
3. Definitions: Key terms used in the amendment
4. Extension Terms: Specific details of the lease extension including new termination date
5. Premium: Amount payable for the extension
6. Execution: Signature blocks and attestation
1. Rent Review: Modified rent review provisions, applicable when existing rent review mechanisms need modification
2. Service Charge Amendments: Changes to service charge calculations or scope, used when service charge provisions need updating
3. Insurance Provisions: Updates to insurance requirements, included when insurance terms need modification
1. Schedule 1 - Original Lease: Copy or summary of the original lease
2. Schedule 2 - Property Plans: Updated plans if any changes to demised premises
3. Schedule 3 - Premium Calculation: Detailed calculation of the extension premium
4. Appendix A - Land Registry Compliant Plans: Plans meeting Land Registry requirements
Authors
Commencement Date
Extended Term
Extension Premium
Existing Lease
Ground Rent
Land Registry
Landlord
Original Lease
Original Term
Parties
Premium
Property
Registered Title
Registration Requirements
Tenant
Term
Title Number
Variation Date
Completion Date
Rent Review Dates
Service Charge
Permitted Use
Mortgagee
Common Parts
Building
Plan
Lease Extension
Statutory Requirements
Working Day
Extension of Term
Premium Payment
Ground Rent
Service Charge
Insurance
Maintenance and Repair
Alterations
Assignment and Subletting
User Covenants
Landlord Covenants
Tenant Covenants
Registration
Notices
Costs
Rent Review
Termination
Governing Law
Severability
Variation
Entire Agreement
Third Party Rights
Waiver
Rights Reserved
Quiet Enjoyment
Statutory Compliance
Land Registry Requirements
VAT
Mortgagee Protection
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