Set Out Company Lease For Free

A tenant can make a written request at any time to assign their tenancy to someone else. The request should include the contact details of the person being proposed to take over the tenancy. Alternatively, the landlord can find a replacement tenant, although they don't have to do this if they don't want to.

A commercial make good provision is a clause in a lease that requires a tenant to return a property to its original condition before handing back the keys. Make good clauses require tenants to remove their property from the space and leave the area clean and tidy.

Note: Difference between option to renew and extend ? where the parties agree to ?extend? the existing lease is continued, where the parties ?renew? this creates a new lease.

Typically, the GGC contains conditions that must be met in order for the clause to apply. For example, turning over keys by a certain date, broom clean, and all rent/additional rent or charges paid up to the date of vacating.

Duration of lease: The interest which is created in the property could be for a specified period or even in perpetuity. The parties to the lease are free to decide the duration of the lease i.e., the duration can be relaxed at the option of the parties.

Once the option is included in the lease, then provided the tenant complies with its obligations under the lease, the landlord cannot refuse to renew the lease for the option term. It is important you understand the steps you need to take if you want to exercise the option to renew your lease.

For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.