Deed of Covenant

Deed of Covenant

DEED OF COVENANT THIS DEED is made the day of in the year two thousand and between (1) whose registered office is at (the Landlord) and (2) of (the Assignee). NOW THIS DEED WITNESSES as follows:- 1. Definition In this Deed 1.1 'the Lease' means a Lease dated and made between 1.2 'the Premises' means the premises described in and demised by the Lease and known as 1.3 'the Term' means the term of years created by the Lease 2. Recitals 2.1 The Landlord is now entitled to the freehold reversion of the Premises and the Assignee wishes to become entitled to the Leasehold interest in the said Lease subject to the Tenant's covenants and the conditions contained in the Lease 2.2 The Lease contains a proviso that on every assignment the Assignee shall enter into a covenant with the Landlord to pay the rent reserved by the Lease and observe and perform the Tenant's covenants and conditions in it 3. Covenants The Assignee covenants with the Landlord that as from the date when the Tenant's estate and interest in the Lease are assigned to him and during the residue of the Term he will pay the rent reserved by and observe and perform the covenants and conditions on the part of the Tenant contained in the Lease. IN WITNESS whereof the parties hereto have hereunto set their hands the day and year first before written In this Deed where the context so admits the masculine gender shall include the feminine and vice versa, the singular shall include the plural and vice versa and where two or more persons constitute the Transferee the covenants on the part of the Transferee shall be deemed to be joint and several. Signed as a Deed by the said in the presence of:- .......................................................................... .......................................................................... .

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