THE TENANCY AGREEMENT. This is a legal contract. It describes the rights and responsibilities of Bournemouth Borough Council (“The Landlord”) and of you the tenant Type of tenancy
THE TENANCY AGREEMENT. On 31 August 2023, Classified Limited as tenant entered into the Tenancy Agreement with HKL as landlord in respect of the lease of the Premises for a term of nine months commencing with retrospective effect on 1 August 2023 and expiring on 30 April 2024 (both days inclusive) for the operation of the Group’s casual European café under the trade name of “RISE BY Classified”. Set out below is a summary of the principal terms of the Tenancy Agreement:
THE TENANCY AGREEMENT. 2.3.1. The tenancy agreement will be in standard terms unless the client specifically requests otherwise.
2.3.2. For Student Tenants the contract is twelve months, typically 1st July-30th June. A retainer equal to one month’s rent is normally payable covering the summer months of July and August unless the students move in during this two month period, in which case full rent is paid by each tenant that moves in. In cases of a late (after 1st July) let the retainer may possibly not be charged.
2.3.3. For Residential Tenants the contract period will be six months unless otherwise agreed with The Landlord.
2.3.4. The Agent will prepare an Assured Shorthold Tenancy agreement under the Housing Act 1988.
THE TENANCY AGREEMENT. The College agrees to grant and the Student agrees to take a tenancy of the Accommodation for the Tenancy Period on the conditions set out in this tenancy agreement and in the College Handbook.
THE TENANCY AGREEMENT. On 7 April 2014, the Company as tenant entered into the Tenancy Agreement with Tai Sang Bank as landlord, in respect of the leasing of the Premises. The principal terms of the Tenancy Agreement are as follows: Parties : Tai Sang Bank as landlord and the Company as tenant Premises being leased : 0xx Xxxxx, 0xx Xxxxx, 00xx Xxxxx, 00xx Xxxxx and 14th Floor of the Building Tenancy term : 15 April 2014 to 14 April 2017, both days inclusive Rental : HK$320,000 per month, exclusive of rates, air-conditioning charges and management fee Air-conditioning charges and management fee : HK$42,000 per month, which is subject to adjustments at Tai Sang Bank’s discretion by giving to the Company one calendar month’s written notice. Additional air-conditioning charges may be charged for supply of air-conditioning outside normal office hours Deposit : HK$1,086,000 being three months’ rental and air-conditioning charges and management fee Rent free period : 2 months from 15 April 2014 to 14 May 2014 and from 15 March 2017 to 14 April 2017 The aggregate gross floor area of the Premises is approximately 10,000 sq. ft. The stamp duty and Land Registry registration fee payable in respect of the Tenancy Agreement shall be borne by Tai Sang Bank and the Company in equal shares. Upon the signing of the Tenancy Agreement, the Company paid to Tai Sang Bank the sum of HK$261,000 being the balance of deposit payable under the Tenancy Agreement as referred to above after setting off against the aggregate deposit of HK$825,000 paid under the Previous Tenancy Agreement.
THE TENANCY AGREEMENT. On 10 April 2017, the Company as tenant entered into the Tenancy Agreement with Tai Sang Bank as landlord, in respect of the leasing of the Premises. The principal terms of the Tenancy Agreement are as follows: Parties : Tai Sang Bank as landlord and the Company as tenant Premises being leased : 0xx Xxxxx, 0xx Xxxxx, 00xx Xxxxx, 00xx Xxxxx and 14th Floor of the Tenancy term : 15 April 2017 to 14 April 2019, both days inclusive Rental : HK$330,000 per month, exclusive of rates, air-conditioning charges and management fee Air-conditioning charges and management fee : HK$44,000 per month, which is subject to adjustments at Tai Sang Bank’s discretion by giving to the Company one calendar month’s written notice. Additional air-conditioning charges may be charged for supply of air-conditioning outside normal office hours.
THE TENANCY AGREEMENT. 2.3.1. The tenancy agreement will be in standard terms unless the client specifically requests otherwise.
2.3.2. The contract period for students is twelve months, typically 1st July-30th June. A retainer equal to one month’s rent is normally payable covering the summer months of July and August unless the students move in during this two month period, in which case full rent is paid by each tenant that moves in. In cases of a late (after 1st July) let the retainer may possibly not be charged.
2.3.3. The Agent will prepare an Assured Shorthold Tenancy agreement under the Housing Xxx 0000.
THE TENANCY AGREEMENT. The agreement you sign is a legal document between the owner of the property (The Landlord) and yourself (The Tenant). You should read the agreement carefully and ensure you understand it fully and if in doubt consult a solicitor. The tenancy agreement places legal obligations on you, some of which are explained below. The agreement you sign will be an Assured Shorthold, which means that you can stay in the property for the period of the lease (provided you meet all the obligations of the tenancy). If the landlord wishes to end the tenancy you will be given two months notice to quit the premises. You can only leave the property at the end of the period stated in the agreement. (If you wish to leave when the tenancy agreement is due to run out you must notify us in writing, giving a minimum of one months notice prior to the ending of that agreement.) If you vacate the property early and do not give a full months notice YOU WILL BE RESPONSIBLE FOR THE RENT PAYMENTS FOR THIS PERIOD. Everybody living at the property over the age of eighteen must be named ion the tenancy agreement. You cannot move anyone into the property unless you have informed us (in writing) and we have permission for you to do so from the landlord.
THE TENANCY AGREEMENT. Principal terms of the Tenancy Agreement
THE TENANCY AGREEMENT. On 6 August 2015, IRL as tenant entered into the Tenancy Agreement with High Brand as landlord, in respect of the leasing of the Property. The principal terms of the Tenancy Agreement are as follows: Parties: High Brand as landlord and IRL as tenant Property being leased: Xxxx 0000, 00xx Xxxxx, Xxxx Xxxxx, Xxxx Tak Centre, Xx.000-000 Xxxxxxxxx Xxxx Xxxxxxx, Xxxx Xxxx Tenancy term: From 6 August 2015 to 31 July 2016 (both days inclusive) Monthly rental: HK$166,075 per month exclusive of rates, government rent, management fees, air-condition charge, water charge, electricity charge, gas charge and all other outgoings. The rental is payable in advance on the first day of each month. There is an 26 days rent free period commencing from 6 August 2015 to 31 August 2015 Deposit: HK$570,447 (representing three months’ rent and management fee and one quarter of government rates) and is payable upon signing of the Tenancy Agreement Based on the monthly rentals payable under the Tenancy Agreement, the annual caps on the aggregate rentals payable by IRL to High Brand under the Tenancy Agreement for the two financial years of the Company ending 30 June 2016 and 2017 will be set at HK$1,660,750 and HK$166,075 respectively. Due to business needs, additional office space is required for the Group’s operation. The terms of the Tenancy Agreement were negotiated on an arm’s length basis and are on normal commercial terms. The rental chargeable under the Tenancy Agreement is determined by reference to the market rental of other comparable premises in nearby location recently, ranging from approximately HK$65 to HK$68 per square feet of gross floor area per month. The Directors (including the independent non-executive Directors) consider that the Tenancy Agreement is on normal commercial terms, in the normal course of business, fair and reasonable and in the interests of the shareholders of the Company as a whole. Xx Xxxxx was abstained from voting at the board meeting of the Company held to approve the Tenancy Agreement and the annual cap amounts in view of the deemed interests in the transaction by virtue of Xxx Xxxxx (who has 50% indirect equity interest in High Brand), being the mother of Xx Xxxxx. As High Brand is a company which is indirectly owned as to 50% by Xxx Xxxxx, High Brand is a connected person of the Company under the Listing Rules and the Tenancy Agreement constitutes a continuing connected transaction of the Company for the purpose of the Listing Rules. Base...
