Deed of variation of lease
This is a simple deed of agreement between a landlord and a business tenant to change the terms of any lease. It provides the structure for you to insert the actual changes you want to make. We include text for some of the commonest reasons to need this document.
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About this deed
This document records an agreement between the landlord and the tenant to change any terms of a non-residential lease.
The original lease can be for any property, and for any length of time.
The document is a deed rather than a contract under hand because a lease is a deed and to amend one requires another.
You will need a witness to the signature of each party. There is no other requirement for action after signing. Just each keep a copy with your copy of the lease, signed by the other of you.
We provide simple examples of things you might want to change. You can use your own words to record what you have agreed.
It is a good idea not to use a deed of variation if the changes you want to make go to the heart of the transaction, for example, if the property being leased changes, or an additional tenant comes in. For those types of changes, we recommend cancelling the old lease, and creating a new one. We stock a number of leases for business property.
This document was written by a solicitor for Net Lawman. It complies with current English law.
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