The Company Let Tenancy Agreement is essential when businesses need to secure residential accommodation for their employees or representatives. This type of agreement, governed by English and Welsh law, differs from standard residential tenancies as it falls outside the Housing Act 1988's assured shorthold tenancy regime. It provides specific provisions for corporate occupation, including named permitted occupiers, maintenance responsibilities, and corporate guarantees. The agreement is particularly useful for businesses requiring staff accommodation, international employee relocations, or long-term corporate housing solutions.
Company Let Tenancy Agreement for the United Kingdom
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Key Requirements PROMPT example:
Company Let Tenancy Agreement
"I need a Company Let Tenancy Agreement for a 3-bedroom house in London, where ABC Corporation will be the tenant from March 2025, with specific provisions for housing their senior executives and a break clause after 18 months."
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1. Parties: Details of the landlord and the company tenant
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: The formal grant of the tenancy
5. Term: Duration of the tenancy
6. Rent: Amount, payment terms and review provisions
7. Tenant Obligations: Company's responsibilities including maintenance and permitted use
8. Landlord Obligations: Landlord's responsibilities and covenants
9. Termination Provisions: Circumstances and process for ending the tenancy
1. Break Clause: Optional provisions for early termination of the tenancy
2. Guarantor Provisions: Terms relating to any guarantee of tenant obligations when additional security is required
3. Service Charge: Additional charges for services provided, applicable for properties with common areas or shared services
1. Schedule of Condition: Detailed description of property condition at start of tenancy
2. Inventory: List of fixtures, fittings and contents included
3. Permitted Occupiers: List of individuals authorized to occupy the property
4. Property Plans: Floor plans and property boundaries
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