COUNTERPART LEASE Sample Clauses
The Counterpart Lease clause defines the process by which a lease agreement may be executed in multiple identical copies, known as counterparts, each of which is considered an original document. In practice, this means that the landlord and tenant can each sign separate copies of the lease, and together these signed documents form a single binding agreement. This clause facilitates the efficient execution of leases, especially when parties are in different locations, and ensures that the lease is legally effective even if all signatures do not appear on the same physical document.
COUNTERPART LEASE. Relating to premises known as Floor 9 ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇ ▇▇▇ 1. DEFINITIONS 1 2. INTERPRETATION 8 3. DEMISE, TERM AND RENT 10 4. TENANT’S OBLIGATIONS 11 4.1 Main Rent 11 4.2 Outgoings 11 4.3 Service Charge 11 4.4 VAT 11 4.5 Interest on overdue payments 12 4.6 Reimburse costs incurred by the Landlord 12 4.7 Third party indemnity 12 4.8 Insurance 13 4.9 Repair and decoration 13 4.10 Allow entry 13 4.11 Alterations 13 4.12 Relocation of External Works 15 4.13 Signs and advertisements 15 4.14 Obligations at the End Date 15 4.15 User 16 4.16 Dealings with the Premises 17 4.17 Registration of dealings 18 4.18 Marketing 18 4.19 Notifying the Landlord of notices or claims 18 4.20 Comply with Acts 18 4.21 Planning Acts 19 4.22 Right and easements 19 4.23 Management of the Building 19 4.24 Superior interest 20 4.25 Registration at the Land Registry 20 4.26 Applications for consent or approval 20 5. LANDLORD’S OBLIGATIONS 20 5.1 Quiet enjoyment 20 5.2 Insurance 20 5.3 Services 20 5.4 Repayment of rent 20 5.5 Entry Safeguards 20 5.6 Scaffolding 21 5.7 Podium Leases 21 5.8 Designation of Common Parts and use of rights 21 5.9 Required Electrical Capacity 21 6. AGREEMENTS 22 6.1 Landlord’s right to end this Lease 22 6.2 No acquisition of easements or rights 23 6.3 Service of Notices 23 6.4 Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ 23 6.5 Energy Performance Certificates 23 6.6 Energy Efficiency and Data Sharing 24 6.7 Release of Landlord 24 6.8 Superior landlord’s consent 24 6.9 Limitations on title guarantee 25 7. BREAK CLAUSE 25 8. JURISDICTION 25 9. LEGAL EFFECT 25 1 Rights 26 Part 1 Tenant’s Rights 26 Part 2 Landlord’s Rights 28 2 Rent review 30 3 Services and Service Charge 33 Part 1 Administrative provisions 33 Part 2 Landlord’s obligations 34 Part 3 Services and charges 34 Part 4 Service Charge Exclusions 36 4 Insurance and Damage Provisions 37 6 Underletting 44 7 Confidential Documents 46 LR2.1 Landlord’s title number(s) NGL692974.