Common Contracts

LOWER HAM ROAD, KINGSTON UPON THAMES HEADS OF TERMS FOR LEASE TO YMCA

May 9th, 2012

• Filed
  May 9th, 2012

Landlord Royal Borough of Kingston upon Thames Tenant YMCA London South West Term The lease will be for a term of 25 years commencing on the date of completion of a lease. The lease will exclude the security of tenure provisions (i.e. sections 24-28) of the Landlord and Tenant Act, 1954 Tenant’s break clause The tenant shall have the option to determine the lease at the end of the fifth and tenth years subject to 12 month’s notice being provided to the landlord. Site The demised premises will comprise the land and buildings known as the Hawker Centre and shown edged red (“the Premises”) on plan number EM 5189 (“the Plan”). Rent The rental value has been assessed at £127,000 per annum. Provided the tenant successfully provides the “outcomes” required via the lease then the rent will be waived. Tenant’s obligations Rates and outgoings Tenant to pay all outgoings, including Business Rates. User In accordance with the outcomes agreed and in full accordance with the covenants, restriction