Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🏠 Lease agreement

Business activity

Change terms of lease

Why use a 🏠 Lease agreement?

A lease agreement is a legally binding contract between a landlord and tenant that outlines the terms of the rental arrangement. The lease agreement should include information such as the length of the lease, the amount of rent, when it is due, and what utilities are included in the rent. The agreement may also include provisions for renewing the lease or terminating the lease early.

A Deed of Variation (Lease) is a legal template that pertains to the modification or alteration of an existing lease agreement in accordance with UK law. This document allows both the landlord and the tenant to make agreed-upon changes to the terms and conditions outlined in the original lease. These modifications might include adjustments to the rent, extension or reduction of the lease term, changes to the permitted use of the property, or amendments to maintenance responsibilities. The Deed of Variation (Lease) offers a formal and legally binding framework for parties to record and enforce the agreed amendments, ensuring clarity and protecting the rights and obligations of all involved parties. This document is typically used when both parties are in mutual agreement on the proposed modifications and seek to update the lease to reflect their new arrangements accurately.

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