headlease

headlease

(ˈhɛdˌliːs)
n
(Law) law the main lease between a tenant and a landlord
References in periodicals archive ?
He said the headlease with the Governors of King Edward Sixth School in Birmingham has been increased from 56 to 200 years.
Having secured an attractive planning permission, re-geared the headlease with the City Corporation and fully pre-let the building, this sale crystallises a return on capital since committing to the scheme of 82.
The Defendants have not complied with cause 2(14) of the terms of their headlease which, inter alia, requires them to repair and maintain the building known as -- in accordance with the terms of my lease on flan --.
CONTENTS I Introduction II The Northern Territory Intervention and ALRA Land A The ALRA Prior to the Intervention 1 The Fee Simple Interest and Section 71 2 The Tripartite Structure for Land Holding and Decision-Making 3 Controls on Entry: Sections 69, 70, 73 and the Permit Scheme 4 The General Power to Lease Aboriginal Land 5 The Township Headlease Changes of 2006 B The Legislative Intersection of the Intervention with the ALRA 1 The Forced Creation of Five-Year Leases.
Commonly, this includes restrictions on the form and content of the actual sublease document, but may even require that the sublease rent is not less than the passing rent under the headlease.
We've worked with Hammerson for some time on this project: re-gearing the headlease, closing the arcade that ran through the middle of the building, obtaining vacation possession, redeveloping it for residential and retail use, completing the new retail lettings and, finally, the investment sale.
A foreign municipality (F) entered into a 40-year property headlease (H) with a U.
Alternatively, the unexpired term of the 125-year headlease is available for 69,950 [pounds sterling].
Q When I moved into my apartment, my letting agent said I had to give my cat to my mother because apparently pets weren't permitted in the Headlease of the development.
The headlease requires X to make two rental payments to FM during its 34-year term: (1) an $89 million "prepayment" at the beginning of year 1; and (2) a "postpayment" at the end of year 34 that has a discounted present value of $8 million.
Another of her responsibilities is to look after the property side of Costcutter, which includes several freehold and headlease premises.