Rent variation deed

The document attached below is a rent variation deed. It is intended for use where a landlord and tenant agree that rental payments should be varied from the usual quarterly method to monthly. The British Retail Consortium has been calling on commercial landlords to change the frequency of rental payments and accept rents monthly in advance. See the BRC Rent Monthly Campaign.

The deed is drafted on the assumption that the concession is terminable, and is personal to the tenant. A deed has been selected for use, rather than a side letter, because of the many issues that may need to be covered by the drafting. Any comments or queries relating to this deed can be sent by using the Contact tab at the top of the page.

Before using this deed, you are advised to read the drafting note attached below, and you are advised also to read the Property PSL infobank document - What issues arise where landlords agree to vary to monthly rents?