Document background
A Deed of Variation Commercial Lease is essential when parties need to modify terms of an existing commercial lease in England and Wales without surrendering and regranting the lease. This document is commonly used when circumstances change, such as alterations to rent, lease term, or permitted use of the property. It must comply with the Law of Property Act 1925 and related legislation, and typically requires registration at the Land Registry if the original lease was registered. The deed preserves the original lease's validity while incorporating agreed changes, making it a crucial tool for commercial property management.
