This draft lease is the Property PSL lease of part (retail unit) but without including the Land Registry prescribed clauses. It is therefore intended for use where the lease is not a registrable disposition within section 27(2) of the Land Registration Act 2002.
For detailed drafting notes relating to the alienation provisions, the guarantee provisions, the insurance clauses, and the rent review clauses included in all Property PSL leases, see the Property PSL lease of whole (office).
For detailed drafting notes on the operation of service charge provisions in Property PSL leases, see the Property PSL lease of part (office).
The drafting notes should be read before using this lease.