Underlease of whole (without prescribed clauses)

This draft underlease is the Property PSL underlease of whole (office) 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 - which, of course, may very well be the case with a short-term underlease.

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).

The drafting notes should be read before using this lease.