Termination If there is destruction or damage to the Estate that leaves the whole or substantially the whole of the Premises unfit for occupation and use or inaccessible: if the damage or destruction is caused by an Uninsured Risk and: the Landlord does not notify the Tenant within 12 months after the damage or destruction that the Landlord wishes to reinstate, this Lease will end on the last day of that 12 month period; or the Landlord notifies the Tenant that the Landlord does not wish to reinstate, this Lease will end on the date of that notification by the Landlord; if, when the Risk Period ends, the Estate has not been reinstated sufficiently so that Premises are again fit for occupation and use and accessible and ready to receive tenant's fitting out works, either the Landlord or the Tenant may end this Lease immediately by notifying the other at any time after the end of the Risk Period but before such reinstatement has been completed. The exercise of this right by the Tenant is subject to the Tenant complying with paragraph 1.1.1(d) and, where applicable, paragraph 1.1.3. For the purposes of paragraphs 3.2.2 and 4.1.2, if the damage or destruction is caused by an Uninsured Risk, the Risk Period will be treated as beginning on the date the Landlord notifies the Tenant of its wish to reinstate paragraph 2.8. If this ends under paragraph 4.1: that will not affect the rights of any party for any prior breaches; the Tenant must give vacant possession of the Premises to the Landlord; and the Landlord will be entitled to retain all insurance moneys. Turnover Rent Until the arrangements in Part 10 of the Schedule come to an end in accordance with paragraph 11 of Part 10 of the Schedule, references in this Schedule to the Rent will be read as references to the Base Rent and the Turnover Rent. Permitted Works Defined terms This Part of the Schedule uses the following definitions: "CDM Regulations" means the Construction (Design and Management) Regulations 2015; and "Consents" means all necessary permissions, licences and approvals for the Permitted Works under the Planning Acts, the building and fire regulations, and any other statute, bye law or regulation of any competent authority and under any obligations or provisions affecting the Premises, the Building or the Estate and as otherwise required from owners, tenants or occupiers of any part of the Building, the Estate or any adjoining premises.
This offer incorporates the terms set out in Part 11A of the Schedule to the Lease. Please sign and return one copy of this notice indicating whether you wish to accept or reject the offer to renounce the Lease on the terms set out in this Notice. Signed: __________________________________________ For and on behalf of the Tenant THIS IS THE SCHEDULE REFERRED TO IN THE FOREGOING NOTICE BY [Insert name of Tenant] TO [Insert name of Landlord] The proposed Dealing An assignation of the Premises at a premium of [not less than] [Insert amount in figures] to [Insert name of assignee] [with the obligations of the assignee to be guaranteed by [Insert name of guarantor]. A of the [whole] [part] of the Premises at an initial rent of [Insert amount in figures] per annum [subject to review] on the following terms: Sub-tenant: [Insert name of proposed sub-tenant] Sub-tenant's Guarantor: [Insert name of proposed guarantor] Contractual Term of the Sub-Lease: [Insert number] years from and including [Insert date] Rent free period: [Insert number] months Other terms: [Insert details] Any variations to the to be included in the Sub-Lease: [Insert details] Signed: __________________________________________ For and on behalf of the Tenant We, [accept] [reject] the to renounce the Lease to us at the Price contained in this Notice [or otherwise determined pursuant to paragraph 2.5 of Part 11A of the Schedule to the Lease]. Signed: __________________________________________ For and on behalf of the Landlord __________________________________________
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