Use Header Lease For Free

Contents of a lease agreement Amount of rent and due dates, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any. Amount of security deposit and the account where it is held.

An underlease may also be known as a sublease or sub-tenancy or other similar variations. An underlease is where a tenant sublets a property granted to them through a lease, by granting a new lease for the same property or part of the same property to a third party.

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.

Headleasing refers to properties that DCJ lease in the private rental market and then sub-lease to approved social housing tenants. Generally, DCJ sub-lease these properties for a period from 6 months up to 3 years.

A lease is a contract outlining the terms under which one party agrees to rent an asset?in this case, property?owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

The general rule is that a lease may only be terminated during the term of the lease if the lease contains a tenant's break clause. If it does not, the lease can be terminated early by way of surrender however the landlord will need to be in agreement.

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.