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Company Let Tenancy Agreement Template for England and Wales

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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."

Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries
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Industries

Law of Property Act 1925: Fundamental legislation governing property law in England and Wales, establishing basic principles of property ownership and transfer

Landlord and Tenant Act 1985: Sets out basic rights and obligations of landlords and tenants, including repair responsibilities and property standards

Landlord and Tenant Act 1987: Provides additional tenant rights and regulates service charges and property management

Housing Act 1988: While not directly applicable to company lets, provides important context for residential tenancies and property management

Deregulation Act 2015: Updates various aspects of property law and introduces requirements for documentation and notices

Tenant Fees Act 2019: Regulates fees that can be charged to tenants, although application to company lets may differ from residential tenancies

Homes (Fitness for Human Habitation) Act 2018: Ensures properties are fit for human habitation and sets standards for property condition

Energy Performance of Buildings Regulations 2012: Requires Energy Performance Certificates (EPCs) and sets minimum energy efficiency standards

Gas Safety Regulations 1998: Mandates annual gas safety checks and maintenance requirements for rental properties

Electrical Safety Standards Regulations 2020: Requires regular electrical safety inspections and certification in rental properties

Smoke and Carbon Monoxide Alarm Regulations 2015: Mandates installation and maintenance of smoke and carbon monoxide detectors

Furniture and Furnishings Regulations 1988: Sets safety standards for furnished properties regarding fire-resistant furniture and furnishings

Protection from Eviction Act 1977: Protects occupants from illegal eviction and harassment, applies even in company lets

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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