Fillable Deed Of Covenant Relating To Lease Of Land Template (Page 5 of 8) in pdf

Deed Of Covenant Relating To Lease Of Land Template Page 5

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SSIGNEE

S COVENANT

The Assignee covenants with the Landlord and the Maamgement Company:

(a)

to pay the rents and observe and perform the tenant covenants and

other tenant obligations contained in the Lease from completion of the

assignment for the residue of the term of the Lease;

(b)

immediately following completion of the assignment, to notify in

writing the Landlord and the Management Company of the name and

address of the person to whom demands for rent should be sent;

(c)

within one month after completion of the assignment, to notify the Landlord

and the Management Company of completion, send the Landlord and

the Management Company a certified copy of the assignment and to

pay the registration fees of the Landlord and the Management Company,

each in the sum of £

plus any VAT;

(d)

within

one

month

after

completion

the

assignment

apply

for registration of the assignment at HM Land Registry and

ensure that any requisitions raised by HM Land Registry in connection

with the application are dealt with promptly and properly;

(e)

to send the Landlord and the Management Company official copies of

the Assignee's title within one month after the completion of the

registration of the assignment; and

(f)

within one month after completion of any charge being put in place as

part of the assignment, to notify the Landlord and the Management

Company of completion of the charge, send the Landlord and the

Management Company a certified copy of the charge and to pay

the registration fees of the Landlord and the Management Company,

each in the sum of £

plus any VAT;

ANAGEMENT

OMPANY

S COVENANT

The Management Company covenants with the Assignee to observe and perform the

covenants of the Management Company contained in the Lease in the same manner

and to the same extent as if they were repeated and set out in full in this deed with the

substitution of the name of the Assignee for the name of the original tenant.

OINT AND SEVERAL LIABILITY

Where the Assignee compromises more than one person, those persons shall be

jointly and severally liable for the obligations and liabilities of the Assignee arising

under this deed. The Landlord may take action against, or release or compromise the

liability of, or grant time or other indulgence to, any one of those persons, without

affecting the liability of any other of them.

OTICES

Any notice given under or in connection with this deed shall be in writing and shall

be delivered by hand, or sent by pre-paid first class post or other next working day

Deed Of Covenant Relating To Lease Of Land Template Page 5

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