Deed Of Variation For Lease for the United Kingdom

Deed Of Variation For Lease Template for England and Wales

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Deed Of Variation For Lease

"Need a Deed of Variation for Lease to modify the permitted use clause of our retail unit at 123 High Street, allowing for both retail and restaurant use, and to extend the lease term by 5 years from March 2025."

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What is a Deed Of Variation For Lease?

A Deed of Variation For Lease is essential when parties to an existing lease wish to modify its terms without creating an entirely new lease agreement. Common in England and Wales, this document is used when circumstances change requiring amendments to rent, term length, property boundaries, or permitted use. The deed must comply with strict legal requirements and may need registration with the Land Registry. It's particularly useful for maintaining continuity while adapting to changing commercial circumstances, avoiding the complexity and cost of terminating and creating a new lease.

What sections should be included in a Deed Of Variation For Lease?

1. Parties: Identification of landlord, tenant, and any other relevant parties

2. Background: Details of original lease and reason for variation

3. Definitions: Key terms used in the deed including reference to original lease definitions

4. Variation Details: Specific changes being made to the original lease

5. Effective Date: When the variations take effect

6. Confirmation of Other Terms: Statement that all other lease terms remain unchanged

7. Execution: Formal execution blocks for all parties

What sections are optional to include in a Deed Of Variation For Lease?

1. Registration Requirements: Section detailing land registry registration requirements when variations affect registered interests

2. Third Party Consents: Section confirming necessary third-party approvals when mortgagee or guarantor consent is required

3. Costs: Section specifying agreement on who bears costs of variation when costs need to be explicitly addressed

What schedules should be included in a Deed Of Variation For Lease?

1. Schedule of Variations: Detailed list of specific changes to lease terms

2. Original Lease: Copy of the lease being varied

3. Plans: Plans showing any changes to demised premises

4. Consents: Copies of third-party consents where required

Authors

Alex Denne

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