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Argyle Housing Group - Sample Lease (PSL Scheme)

The following is a sample of our current Lease Agreement for use with Private Sector Leasing arrangements.

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Please click the following link to either view or download a PDF version of our Private Sector Leasing agreement.

Download PSL Leasing Agreement in PDF form.

Argyle Current PSL Scheme Lease

For use only with Ealing PSL Scheme, 2008 7th Edition

BY THIS LEASE made this day of 2007 between:

[First Name] [Last Name] of

[Landlord's Address] hereinafter called the Landlord

AND

2. ARGYLE LEASED ESTATES LIMITED of Argyle House, 11 Beaumont Road, Chiswick, London W4 5AL

hereinafter called the Tenant

IT IS AGREED, ACKNOWLEDGED AND ACCEPTED as follows:

Meanings of Terms:

1. In this Lease the following expressions shall have the following meanings:

The Premises are:

[Landlords rental property address]

The Rent Commencement Date is: [Date of Commencement]

The Rent is: [Monthly Rent] PCM. The Term is: [No. of Years] commencing on [Commencement Date]and ending on [Conclusion Date]

The Schedule of Condition is: The Schedule annexed hereto being an agreed photographic record of the condition of and/or inventory of the fixtures and fittings and furnishings (if any) in the Premises and the Survey Report relating to the Premises referred to in the Schedule.

The Demise:

2. What is included in the Premises being let: The Landlord demises to the Tenant at the Rent and for the Term the Premises together with all rights and easements enjoyed for the benefit of the Premises and the fixtures and fittings and furnishings (if any) listed or otherwise recorded in the Schedule of Condition. Unless otherwise expressly excluded in Clause 1 above, the demise of the Premises includes all garages, sheds and outbuildings within the curtilege of the Premises.

Payment of Rent:

3. How the Rent is to be paid: The Rent shall be paid by the Tenant to the Landlord as follows:

3.1 First Rent Payment : provided that this Lease has been executed by the parties in accordance with Clause 6.11, the rent shall be paid within 2 months of the Rent Commencement Date in the sum of [Calculate 1st Month's Rent] being your first month's rent calculated from the Rent Commencement Date and thereafter each month's rent shall be paid two months in arrears.

3.2.1a Second and Further Rent Payments: all further rent payments during the Term of the lease shall be paid at the rate of [Monthly Rent] per calendar month payable two months in arrears with the second rent payment being made on the [ ] day of [ ] and thereafter on the same day of each month exclusive of VAT by Standing Order to the Landlord's nominated bank account, particulars of which shall be provided by the Landlord to the Tenant on the execution of this Lease, such rents being paid in advance and in such manner on the same date in each calendar month throughout the Term until this Lease shall determine whether at the end of the Term or earlier and insofar as the Term may be determined earlier than the date specified above, then any further rent payable shall be apportioned. In the case of the Lease continuing to the end of the Term all rents due to that date will be paid upon expiration of the Term (and this includes any of the rent that is paid two months in arrears pursuant to the terms of this Lease).

3.2.1b At the end of the Term of the Lease or earlier if determined sooner the Property will either have its Lease renewed for a further period or alternatively the Property will be returned to the Landlord once the Ealing Council tenant occupying the Property has been lawfully evicted from the premises or re-housed elsewhere by Ealing Council. During the period that the Tenant remains in the property or alternatively whilst the lease renewal process is being completed rent will continue to be paid to the Landlord by way of mesnes rent which are paid in arrears. Further Ealing Council have to process these mesnes rent payments and there is some time delay during which they process the rent and actual payment is made to the Tenant. Although payment is made the Tenant is unable to guarantee when payment will actually be made and as such during these periods the rent to the Landlord will be made by cheque as and when the mesnes payment is received by the Tenant from Ealing Council. If the Lease is to be renewed then upon the completion of the Lease renewal process and Ealing placing it into normal payment then the standing order will be reinstated.

3.2.1c Although the Lease is on a specified term and vacant possession will be given the return of vacant possession is subject to the satisfactory removing of the occupant and them being re-housed by Ealing Council. This means that the return date cannot be guaranteed and may well be after the due date for possession as stated in this Lease. Argyle Housing Group or any of its companies take no responsibility for the delay other than confirming that at the end of the term of the Lease should there be occupants still in possession the Landlord will receive rent as defined in this Lease as mesnes rent.

3.2.2 Rent will be paid to the Landlord or to whoever they notify the Tenant as being the payee at the start of the term of this Lease and will continue to be paid to such person (s) until the Tenant is notified of a change of payee in writing by the Landlord (s) or alternatively by Court Order. In the case of the joint Landlords any change of payee must be notified in writing by all Landlords subject to this Lease.

3.3 Deductions from Rents : The Landlord acknowledges that where otherwise authorised by this Lease or by separate agreement with the Landlord to do so, the Tenant may deduct monies from the Rent payments.

The Tenants Obligations:

4. The Tenant shall:

4.1 Payment of Rent : pay the rent in accordance with Clause 3 above;

4.2 Liabilities for Council Tax etc : indemnify the Landlord on demand against all claims for payment of rates council tax VAT utility accounts and other outgoings on the Premises but excluding any service charges ground rents due or insurance premium or installments or contributions or taxes payable by the Landlord under any other statutory or legal requirement and whether under any other Lease or howsoever otherwise.

(4.3 Optional Insurance : ) (This Clause has been deleted from this Edition.)

(4.4 Payment of Insurance monies where Clause 4.3 is applicable:)(This Clause has been deleted from this Edition.)

4.5 Maintenance of the Premises : Subject to the Landlords own obligations under Clause 5 or otherwise to maintain the Premises, throughout the Term maintain and keep the interior of the Premises and all fittings and fixtures and furnishings if any ( but excluding all glass or doors in both cases whether interior or exterior unless willfully damaged by the occupiers) and also the gardens and grounds (but excluding any sheds, outbuildings or garages, fences garden walls gates paths hard standing and patios pond or garden ornaments) to at least the same standard as shown or recorded in the Schedule of Condition but no better with fair wear and tear and damage by accidental fire and other insured risks excepted.

4.6 Alterations to the Premises : not make any alteration or addition whatsoever to the premises or any fittings or fixtures and not remove doors cupboards or partitions or cut any walls or the floors or ceilings or install or erect any exterior lighting shade awning at the premises but in the event of any act hereby forbidden shall restore and make good the breach immediately following notice by the Landlord to do so.

4.7 Vacant Possession : at the determination of this Lease to yield up the Premises with vacant possession and in a state which is in accordance with the Schedule of Condition fair wear and tear and loss by insured risks excepted.

4.8 Nuisance : not knowingly cause or permit the premises to be used or occupied for the purposes of any dangerous offensive noxious noisome illegal activity or in any manner, which is or may be or become a nuisance to the landlord or to any adjoining occupiers.

4.9 Respecting the terms of the insurance of the Premises : not to do anything or cause or permit anything to be done or not to be done which may invalidate or vitiate the Landlord's or as the case may be the Tenant's insurances on the premises or increase the premium in respect of any such insurances but in the event of any such act pay to the Landlord the expenses incurred in reinstating cover and/or paying the increase in the premium which sum shall be treated until paid as arrears of rent.

4.10 Respecting planning and HMO restrictions : not to cause or permit the premises to be occupied or used in breach of any statutory restriction or in breach of any requirement of or for planning consent or in breach of any Houses in Multiple Occupation (HMO) regulation scheme from time to time in force.

4.11 Limitations on assignment : not to assign (except an assignment with the prior consent of the Landlord in writing and not to be unreasonably withheld) share sublet mortgage or otherwise part with possession or occupation of the premises except by the Landlord's consent hereby given and strictly in accordance with the model Management Agreement between the Tenant and any member organisation of the Argyle Housing Group a copy of which is available for inspection at any reasonable time by the Landlord on request by prior notice at the Tenants aforementioned address and/or in accordance with any other agreement with the London Borough of Ealing which is noted in the Second Part of the Schedule hereto for the provision of housing to any persons under the model tenancy agreement a copy of which is likewise noted in the Second Part of the Schedule and likewise available for inspection or under any other agreement between the Tenant and the London Borough of Ealing for the temporary accommodation of homeless persons on terms within paragraph 6 of Schedule 1 to the Housing Act 1985.

4.12 Limited indemnity in respect of death, injury or loss and damage to occupiers : indemnify the Landlord against all and any claims for damages interest costs or expenses made by any person arising out of the personal injury or death of any person or damage to any goods or chattels arising out of any breach of the obligations of the Tenant in this Lease or any statutory or other legal obligation of the Tenant to the occupier of the Premises but not otherwise provided that such indemnity shall be limited in respect of every claim to a maximum ceiling of GBP10,000 per claim inclusive of damages, interest, costs and expenses payable either to such person or to the Landlord as the case may be.

4.13 Allowing access to the Premises : permit the Landlord and/or its/his/her servants or agents or contractors upon giving reasonable notice ( which must be given and received in writing on a weekday Monday to Friday only ) to the Tenant at its Head Office access to the premises at all reasonable times in order to fulfill the Landlords obligations under Clause 6 or to inspect the condition of the Premises and with such equipment and appliances as may be necessary to execute repairs to the Premises and to any adjoining premises belonging to the Landlord provided always that any failure or refusal by the occupier to permit access at any relevant time shall not constitute a breach of this covenant by the Tenant.

4.14 Viewing etc. at end of Lease : permit the Landlord during the three months immediately preceding the determination of this Lease by effluxion of the Term to affix and retain without interference upon any part of the Premises a notice for the sale or re-letting of the same and to permit persons with written authority from the Landlord at reasonable times (excluding Sundays) during the day only and excluding evenings upon prior appointment with the occupier to view the Premises provided always that any refusal by the occupier to permit the same shall not constitute a breach of this covenant by the Tenant.

4.15. Running Repairs : For the safety, security and convenience of the Tenant's occupiers of the Premises, the Tenant shall have the authority of the Landlord to carry out but without any obligation to carry them out, running or incidental repairs to the Premises which would otherwise fall within the Landlords obligations under this Lease provided that if any injury or damage is caused to the Premises or any person or property thereon as a result of or during the execution of such repairs, the Tenant shall be responsible for all damages, costs and expenses occasioned thereby, that the Tenant shall be under no obligation to carry out such repairs in any event and that the execution of such repairs shall be at the sole discretion of the Tenant and shall not imply any derogation, variation or waiver of the Landlords obligations under this Lease in respect of the maintenance of the Premises.

The Landlords Obligations:

5. The Landlord shall:

5.1 Insurance of the Premises : at the Landlords own expense without charge to the Tenant effect and maintain all necessary insurances over the premises, against all the usual risks but also including claims by any person for personal injury or death and damage or loss to personal chattels and provide a certified copy of the policy and the policy schedule to the Tenant

5.2 Maintenance of the Premises and relevant certificates : Without prejudice to or derogation from Clause 5.7 maintain in good condition and repair and to service and repair the fabric and services of the building in which the premises are comprised, including the roof(s) rainwater goods brickwork walls windows any glass ( whether interior or exterior), all doors ( whether interior or exterior) keys locks burglar alarms meters electrical water or gas waste sewerage or other pipeworks central heating boiler(s) immersion heating drains sewer systems gas supply water supply and electricity supply and also any garden fences gates garden walls hardstanding or paths patios garages, sheds or other outbuildings pond or garden ornaments included in the demise of the Premises and shall provide to the Tenant on demand certified copies of all applicable annual or periodic Fire Certificate(s) HMO Registration Certificate(s),NICEIC and Gas Installation Certificate(s) and Maintenance Contract(s) for gas or other installations. Maintenance Contracts for Gas Installations shall be not less than the British Gas 3 STAR Standard.

5.3 Compliance with safety etc. regulations : ensure that all Landlords furnishings and fixtures provided with the Tenancy are in accordance with the relevant statutory standards, to maintain a valid Maintenance Contract in respect of all gas installations throughout the Term and in particular to ensure that all works to gas installations or equipment are carried out only by a CORGI Registered engineer and that any Landlords furnishings strictly comply with the Furniture and Furnishings (Fire)(Safety) Regulations 1988 and any subsequent legislation relating to the same.

5.4 Limited Indemnity : indemnify the Tenant against all and any claims for damages interest costs or expenses made by any person arising out of the personal injury or death of any person or damage to goods or chattels caused directly or indirectly by the Landlords breach of any obligation contained in this Lease.

5.5 Keys : provide to the Tenant all keys to the Premises prior the execution of this Lease by the parties and in accordance with Clause 1 ( c ) of the Management Agreement entered into between Tenant or its assignee and the Landlord. For the avoidance of doubt, the Landlord and the Tenant agree that if the Landlord requires to change the locks to the premises at the end of the Lease, the Landlord will do so at his/her/its own expense and no charge will be made to the Tenant in respect of any broken or lost lock or keys.

5.6 Quiet enjoyment : permit the Tenant paying the rent hereby reserved to peaceably hold and enjoy the Premises during the Term without any interruption by the Landlord or any person claiming under or in trust for the Landlord or his/her/its estate or undertaking.

5.7 Additional Statutory Obligations relating to repairs : carry out those repairs liability for which is or would otherwise be imposed on the Landlord by Section 11 of the Landlord & Tenant Act 1985 notwithstanding the provisions of Section 14 of the Landlord and Tenant Act 1985 provided that if the Landlord shall have given written notice of its intention to carry out any such repairs the Tenant shall not be liable to pay any rent for the period commencing on the fourteenth day from the date of such notice to the date when the repairs are completed.

AND The Landlord and the Tenant further agree as follows :

Additional Provisions:

6.1.1 Damage to or destruction of the Premises: If the Premises are damaged or destroyed during the Term by an insured risk so as to be unfit for occupation and use then the Tenant or the Landlord may elect to determine this Lease at any time thereafter but before reinstatement by giving notice in writing to the other.

6.1.2 The Landlord agrees that in the event that if any furniture and or fittings provided by them suffer disrepair or damaged or destroyed for whatever reason during the Term of the Lease then within 7days notification by the Tenant of such event the Landlord will replace the item(s) with items of the same quantity and the same or better quality.

6.2 Authorised deductions from Rents: If the Landlord fails to perform any of his/her/its obligations under this Lease then without prejudice to the Tenants right to recover damages, interest or costs or any balance thereof against the Landlord by legal proceedings in respect of such breach, the Tenant is hereby authorised to deduct from any rents payable by the Tenant to the Landlord, including rents due under any other lease or tenancy or agreement in respect of any other premises let by the same Landlord to the same Tenant the Tenants costs of making good any such breach by the Landlord including a breach of the Landlords obligations to insure, repair or maintain the Premises or to obtain any relevant certificates or HMO registrations or Gas Installation Maintenance Contract Gas Installation Certificates or NICEIC Certificates or howsoever otherwise and any such damage, interest or costs, including legal costs in any proceedings on a full indemnity basis provided that before commencing such works the Tenant gives to the Landlord seven working days notice of its intention to carrying out any relevant works save in the case of emergency works where no notice shall be required to be given by the Tenant.

6.3 Mortgaged etc. Property : The following provisions shall apply where Landlord's interest in the land in which the Premises demised by this Lease are situated becomes subject to any claims by mortgagees, creditors, receivers or otherwise :

6.3.1 Claims by Landlords Mortgagees: If at any time during the Term any mortgagee of the Landlord or any Receiver of the Premises appointed pursuant to the Law of Property Act 1925 or otherwise or any Trustee/ Receiver or Administrator appointed upon the insolvency or otherwise of the Landlord shall serve notice on the Tenant requiring all or part of the Rent to be paid direct to such person(s) or their authorised agents then the Tenant shall send a copy of such notice to the Landlord and as from the next date that the Rent is payable until further notice from such person(s) the Tenant shall pay the Rent or such part of the Rent as is required and shall be under no obligation to inquire whether such person(s) are entitled to receive or demand such rents in place of the Landlord and every such payment shall constitute an absolute discharge of the Tenants liability for the payment of such rents without having to account at any time to the Landlord but all such payments shall be without prejudice to the Tenants various authorisations under this Lease to make any deductions from the rents payable.

6.3.2 Required Consent of Mortgagees; sale of the property by the Landlord : The Landlord covenants with the Tenant that he/she/it has the express consent of his/her/its mortgagee(s) of the Premises to enter into this Lease and shall if so required at any time by the Tenant produce to the Tenant a certified copy of any such consent in writing. In the event of any breach of this covenant by the Landlord the Tenant shall be entitled to determine this Lease at any time by giving the Landlord not less than 7 calendar days' notice in writing and the Tenant shall upon giving up vacant possession have no further liability to pay any rents or any other sums to the Landlord whether by way of indemnity under this Lease or howsoever otherwise.

6.3.3 Should during the Term of this Lease the Landlord sale the property to a third party, then the Landlord agrees that such sale is subject to terms of this Lease. The Landlord is to notify the Tenant and or any Assignee of such sale giving full details of the purchaser and their solicitors including their full name and addresses. Such information to be provided prior to exchange of contracts in respect of the sale. Any failure or delay by the Landlord to provide such information or failure to ensure that the sale is subject to the Lease will render the Landlord liable for any additional costs and or consequential loss suffered by the Tenant or their Assignee.

6.4 Rent increases during the Term: On the last day of the month which follows every (third) (sixth) (and ninth) year of the Term (such date to be referred to as the Rent Review Date) the Rent shall be increased in accordance with the increase over the preceding twelve calendar months inclusive in the Retail Price Index (RPI) or any successor Index used approved and /or compiled under the authority of HM Government and if there is no such increase in the RPI then the Rent shall not be increased and if the RPI decreases over the same period then the Rent shall remain at the same rate as it was at the commencement of this Lease or at the last Rent Review Date whichever sum is the greater. Where the rent is to be increased under this provision, the first rent bearing the increase shall be the rent which is payable in the second month which follows the third, sixth or ninth year of the Term. For the avoidance of doubt this Clause does not apply where the Term of the Lease is three years or less and where the Term is so limited, there shall be no increase in the Rent during the Term.

6.5 Anti-social behaviour, nuisance etc.: If the Landlord can satisfactorily show to the Tenant that the occupation of the Premises by any person permitted by the Tenant to occupy the Premises is causing nuisance or annoyance harassment or exhibiting other anti-social behaviour towards adjoining occupiers or to the Landlord or the Landlords servants agents or contractors then the Tenant will use all reasonable endeavors to cause the occupiers to be removed from the occupation of the Premises.

6.6.1 Re-entry, determinations and assignment : If the Rent hereby reserved or any part thereof (other than such monies in respect of rents) as the Tenant shall be permitted to deduct under Clause 6.2, shall remain unpaid for 28 calendar days after becoming payable (whether formally demanded or not) then the Landlord may thereafter re-enter the Premises or any part thereof in the name of the whole and thereupon this Lease shall be forfeited and determine.

6.6.2 The Tenant operates various schemes with London Borough of Ealing ( Ealing Council) and the Tenant cannot guarantee for which scheme from time to time the Landlord's property will be used. However, the payment of rent to the Landlord will be the same regardless of the scheme. The Argyle Housing Group have different companies who are legally responsible for running the different schemes. The current schemes are run by Argyle Leased Estates Limited and Argyle Managed Estates Limited. The Tenant will notify the Landlord of any additional schemes that may from time to time arise. If during the term of this Lease any occupants occupying the Landlord's property and provided by Ealing Council necessitate a change of scheme, then the Tenant reserves the right to assign all rights and obligations to which they are subject to pursuant to this Lease to another Argyle company (“the Assignee) and such company will assume the entirety of the terms of the Lease as if this Lease had been made between the Assignee and the Landlord. The Landlord agrees to continue to be subject to the terms of this Lease as if this Lease had been made between the Assignee and the Landlord.

6.6.3 The Tenant will notify the Landlord of any assignment by providing notice in writing at least 28days before the proposed assignment.

6.6.4 The purpose behind this Lease is to enable the Tenant to sublet to Ealing Council pursuant to one of their housing schemes referred at 6.6.2 above or such scheme as from time to time may be introduced. Whilst the Tenant would expect a regular supply of occupants to be provided by Ealing Council, the Tenant is dependent upon and changes in law and or policy of national and local Government which may effect the demand for property pursuant to one of the Ealing Council schemes. As such it is agreed between the Landlord and the Tenant and or their Assignee that the Tenant or Assignee reserve the right to determine this Lease by giving to the Landlord at least 28days written notice, and rent would continue to be paid until the said notice period has expired. Further the Tenant and or their Assignee warrant that in any event of a determination pursuant to this Clause that they will fulfill their obligations pursuant to the terms of this Lease pending determination of the Lease.

6.6.5 Without prejudice to the Clause 6.6.1- 6.6.4 and to the terms of this Lease generally all invoices in respect of services including any surveyor report fees will always be issued by and be payable to Argyle Managed Estates Limited, unless you are otherwise notified in writing.

6.7 Dilapidations at the end of the Term: Notwithstanding the Tenant's obligations under Clauses 4., if at the expiration or determination of this Lease the Premises are not in the state or condition that they should be, the Landlord shall not require the Tenant to repair or to re-instate the Premises but shall accept compensation by means of payment of a sum equivalent to the reasonable and proper cost of putting the Premises into that state or condition as determined by the Surveyor as provided by Clause 6.8.2 unless otherwise agreed in writing between the parties provided that the total liability of the Tenant to pay such compensation shall not under any circumstances exceed a sum equivalent to one calendar month's rent at the monthly rent payable when for any reason the Lease is determined plus VAT at the prevailing rate and no sum shall be payable by the Tenant to the Landlord for any consequential loss accruing at the date of the determination of the Lease by reason of the Landlords inability to relet or occupy the Premises due to any outstanding dilapidations not having been made good by the Tenant.

6.7b Furnishings – The premises has been leased to the Tenant on the basis that it will be relet and whilst the Tenant will take steps to try and maintain the condition of the premises interior the Landlord must accept the purposes for which the premises has been leased and that there will be wear and tear. As such Argyle Housing Group or any of its related companies will not be responsible for any damage or loss caused to furnishings, carpets, window dressings of any kind such as blinds and curtains and that any redress the Landlord has is against the occupant and not Argyle Housing Group.

6.8 Disputes and determinations: Where there is a dispute between the parties arising out of the performance or breach of any obligation of the Landlord or the Tenant under the provisions of this Lease or with respect to the sums which the Tenant is authorised to deduct from rents under Clause 6.2 or the sum payable under Clause 6.7, then such dispute (so shall be determined as follows:

6.8.1 For disputes about the performance or breach of any obligation of the Landlord or Tenant under this Lease other than under Clauses 6.2 or 6.7, such disputes shall be referred to mediation by a Mediator appointed by the President of the College of Mediators or the Chairman of the Centre For Dispute Resolution and both parties whether by themselves or their servants or agents hereby expressly covenant with each other to enter into such mediation in good faith and to use their best endeavors to resolve the dispute through mediation and neither party shall be permitted to commence any legal proceedings relating to, arising out of or in any way connected with such dispute whether directly or indirectly until the appointed mediator has certified in writing that mediation is unlikely to resolve the dispute between the parties;

6.8.2 For disputes arising in connection with or under Clauses 6.2 and 6.7, the dispute shall be referred to expert determination by a Chartered Surveyor appointed, in default of agreement between the parties as to the choice of Surveyor, by the President of the Royal Institution of Chartered Surveyors and any such expert determination shall be final and binding upon the parties;

6.8.3 The costs of any mediation or expert determination, including any costs of appointment, shall be met equally by the parties who shall pay the same promptly in accordance with any requirement of the mediator of the Surveyor as the case may be and in respect of any attendance or representation to or upon the mediator or the Surveyor, the parties shall bear their own costs and expenses.

6.9 Notices : Any notice required to be given by either party under this Lease shall be given in writing to the other at that party's address as appears on this Lease by first class letter post only and shall be effective from the next working day only.

6.10 Definitions : References in this document to the singular include the plural where the context so admits and vice versa; references to ‘he' always include ‘she' and ‘it' and references to persons shall include legal as well as natural persons; references to ‘calendar months' shall mean the period between the day upon which any notice is sent or delivered or act carried out and the date numerically corresponding to that day in the following month plus one day; ‘working day(s)' shall mean Monday to Friday in each week excluding the usual Public Holidays and unless otherwise agreed by the parties or except in the event of a supervening emergency or where after giving any notice circumstances change so as to require more immediate action to be taken by either the Landlord or the Tenant in order to meet their respective obligations under this Lease, in order to meet any statutory obligations or in order to avoid the risk of (further) damage or injury to the occupiers of the Premises or to the Premises themselves ‘reasonable notice' shall normally mean a period of not less than 24 hours in respect of a working day and a period of not less than 72 hours where the notice is given immediately before a day which is not a working day or would otherwise expire on a day which is not a working day and 'reasonable time(s') shall normally mean between the hours of 9 :30 am. and 6: 30 pm.

6.11 Completion by Counterpart : This Lease shall only become effective when each party has executed and mutually exchanged the Counterpart, whether the Counterparts have been subsequently stamped or not.

Stamp Duty Certificate :

7. The parties hereby certify that there is no agreement for a lease to which this Lease gives effect.

Payment of Stamp Duty :

8.1 Where Stamp Duty if any is to be levied in respect of this Lease such duty shall be paid in respect of each Counterpart by the party executing that counterpart at the rate and in the amount determined as applicable by the Tenants Solicitor whose determination shall be final and binding on the parties unless otherwise determined by the Stamp Duty Office and or HM Inland Revenue, in which event the party who has not paid sufficient duty shall make good the deficit to the Revenue. The principal liability to Stamp Duty shall be levied on the Landlords counterpart in respect of the grant of this Lease. The Tenants Solicitor shall be responsible for arranging the stamping of both parts of the Lease.

8.2 Where any Stamp Duty has become payable by the Landlord and has not been paid the Tenant shall be at liberty to pay the relevant amount of duty on the Landlords behalf without giving any prior notice to the Landlord and shall be further entitled to recoup the same from any rents or other monies payable under this Lease or any other Lease between the parties and whether such other Lease permits or authorises such deductions or not.

The Schedule

Part One The Schedule of Condition

The condition of the premises at the date of this Lease is as recorded in the photographs numbered Nos. to inclusively and or the Survey Report which are attached hereto.

Part Two The Agreements authorised by Clause 4.11 of this Lease

Management Agreement between Argyle Leased Estates and (Argyle Housing Group)
Sub-Lease to London Borough of Ealing
Non-secure letting by London Borough of Ealing

IN WITNESS WHEREOF the parties to this Lease have executed and exchanged their respective Counterparts thereof as a Deed on or before the date first before written :

Signed, and delivered as a Deed by the said Landlord :

in the presence of me :

Name

Address

Occupation/p>

The Common Seal of :

ARGYLE LEASED ESTATES LIMITED
ARGYLE MANAGED ESTATES LIMITED- DELETE AS APPLICABLE. was hereunto affixed in the presence of me :

Director