OCCUPATIONAL TERMS

The individual units within the Eagle Building are being made available on 3 year leases, contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.

The minimum period of occupation will be 6 months, with flexible arrangements available thereafter.

All rents quoted on the schedule are inclusive of the rent, a management and service charge, and also VAT. Tenants will therefore be responsible in addition to these costs for all charges for services used within the units, general and water rates, and also internal repairs and decoration. Rents will be revised on 1 April each year to take account of increases in the management charge.

Tenants will be required to return the units back to the Landlord in the same condition as at the time of letting, and in that regard, at the time of first letting, may be required to make a payment equivalent to between 1 and 3 months rent. This will be held as security against renovation costs which might be required at the end of their occupation.

Rents will be charged at three monthly intervals, with the first payment due prior to occupation.

The intended use of the units will be agreed at the commencement of the lease term, and will not be allowed to change without the Landlords prior written consent.

Further information relating to each unit including initial occupational costs is available from GL Hearn.