Occupational Lease. (i) is on a triple net basis;
(ii) have rentals payments due either monthly or quarterly;
(iii) provides for annual indexation (other than in respect of the first year of such Occupational Lease);
(iv) includes a requirement for a security deposit in an amount not less than the equivalent of three month's rent (plus VAT) provided in cash or as a bank guarantee or as a parent company guarantee; and
(v) is otherwise in accordance with all laws applicable to such Occupational Lease in the Russian Federation and reasonable steps have been taken to obtain such documents as to the tenant's power and authority as may be necessary to ensure that such Occupational Lease may be registered with the Land Registry, provided that paragraphs (a) to (e) above shall not apply with respect to any Existing Lease except to the extent that any such Existing Lease is amended after the date of this Agreement, in which case, any amendment that is made must to the extent applicable, comply with paragraphs (a) to (e) above.
Occupational Lease. Date Description Parties Original or copy Will original be handed over on completion? Date Description Parties Original or copy Will original be handed over on completion? PARTIES
(1) [FULL COMPANY NAME] incorporated and registered in England and Wales with company number [NUMBER] whose registered office is at [REGISTERED OFFICE ADDRESS] (Seller).
(2) [FULL COMPANY NAME] incorporated and registered in England and Wales with company number [NUMBER] whose registered office is at [REGISTERED OFFICE ADDRESS] (Buyer).
Occupational Lease. The property is presently let to Lookers Motor Group Ltd (Company Number 00143470) on a 10 year full repairing and insuring lease which commenced 01/12/2022, subject to a rent review on 01/12/2027, a tenant only option to terminate the lease on 30/11/2027 (minimum of 6 months’ prior written notice required to exercise the option) and a passing rent of
