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LPC Law Notes Property Law and Practice Notes

Grant Of A Lease, Assignment And Subletting Notes

Updated Grant Of A Lease, Assignment And Subletting Notes

Property Law and Practice Notes

Property Law and Practice

Approximately 490 pages

A collection of the best LPC PLP notes the director of Oxbridge Notes (an Oxford law graduate) could find after combing through dozens of LPC samples from outstanding students with the highest results in England and carefully evaluating each on accuracy, formatting, logical structure, spelling/grammar, conciseness and "wow-factor".

In short these are what we believe to be the strongest set of PLP notes available in the UK this year. This collection of notes is fully updated for recent exams, a...

The following is a more accessible plain text extract of the PDF sample above, taken from our Property Law and Practice Notes. Due to the challenges of extracting text from PDFs, it will have odd formatting:

Grant of a lease, assignment and subletting 1) Grant of a lease 2) Assignment of a lease What is it? * * * Brand new lease Free to negotiate Will normally follow the heads of terms Documents / formalities * The Lease Examples * First sale of a newly build flat by a residential developer who owns the freehold What is it? * * There is no new lease It is the transfer of the old lease to a new tenant Documents / formalities * * The Lease (which is already in existence) Licence to assign signed by: o Landlord o Tenant (assignor) o Assignee Deed of assignment signed by o Tenant o Assignee * Examples * * 3) Under-letting of existing lease Sale of a residential flat where the freehold belongs to a developer under the same terms A lease with 3 years remaining where another lease is granted over the entire premises to another occupier for the remainder of the term of the lease What is it? * * Creation of a new lease based upon the terms of the old lease Not completely free to negotiate the terms Documents / formalities * Licence to underlet signed by o Landlord o Tenant o Under-tenant (giving landlord a covenant to comply with the head lease excluding the covenant to pay rent) The Under-Lease * Examples * * A tenant allows a friend to live in the flat for 6 months A lease with 3 years remaining where another lease is granted over the entire premises to another occupier for the remainder of the term of the lease minus 1 day

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