Make Up Header Lease For Free

A superior lease, also known as a 'Head Lease' is the lease held by a landlord when they are not the owner of the property but also leasing the property from someone else. The Superior Lease sets out conditions that the landlord has agreed with the Superior Landlord.

This is usually a superior lease over a building. Out of this headlease subleases are granted. The common scenario is a headlease over a building containing flats which in turn grants subleases to individual flats in a building.

A headlease is a lease granted out of the freehold and an underlease is one granted out of a headlease. There may be any number of underleases (sometimes described as sub-underleases, sub-sub-underleases and so on), but each underlease must expire before the one out of which it is granted.

A headlease is the primary lease that is signed between a tenant and a property manager. The tenant, or head lessee, is contractually responsible for the terms of the lease, and in most lease agreements, they have the ability to sublease the space if they so wish.

A headlease is the primary lease that is signed between a tenant and a property manager. The tenant, or head lessee, is contractually responsible for the terms of the lease, and in most lease agreements, they have the ability to sublease the space if they so wish.

lease will commonly be a long lease for the whole of the property, carrying the burden of such things as repairing and insuring the building. Alternatively, in a mixed use building, either or both of the residential and commercial areas may be demised under a headlease.