Report on Occupational Lease(S) - Scotland

REPORT ON OCCUPATIONAL LEASE(S) - SCOTLAND

Our Ref:

Your Ref:

Full Name(s) of Borrower(s):
Property (including acreage if land):

TO:CLYDESDALE BANK PLC(trading as both Clydesdale Bank and Yorkshire Bank) (the "Bank")

This Report has been prepared in respect of the Occupational Lease(s) at the Property in contemplation of *the provision of funding to the Borrower which is to be secured by the grant of a fixed charge over the Property in favour of the Bank/ the Bank’s interest as heritable creditor.

There *is/are [Insert number of leases] Occupational Lease(s) affecting the Property and we have prepared a separate Report in relation to each Occupational Lease.

Details and date of Lease (if already executed/registered)
Premises:
*Current landlord (where freehold/leasehold interest in Property already owned):
*Landlord at completion: (where freehold interest in Property is being purchased):
Tenant:
Guarantor: / (If there is a guarantor, please provide details of the guarantee and whether this is incorporated in the lease or if there is a separate guarantee)
Term and commencement date:
Break options/Options to renew:
Current rent and payment dates: / (Please detail any rent free periods)
Rent review dates:
Basis of rent review:
Rent review
assumptions and
disregards:
VAT, rates
other outgoings:
Service charge: / (State if the Premises are stand alone)
Repair and
maintenance obligations:
Alterations:
Use and restrictions
on change of use:
Alienation: / Assignation:
Sub-Letting:
Charging:
Group companies:
Insurance:
Reinstatement:
Rent abatement:
Rei interitus: / The common law doctrine of rei interitus in terms of which a lease comes to an end in the event of material damage to or destruction of the Premises *has/has not been excluded.
Landlord's obligations:
Irritancy:
Heritable creditor's protection provisions:
Unusual provisions and solicitor's recommendations:

INSERT ADDITIONAL REPORTS FOR EACH OCCUPATIONAL LEASE

Subject to the comments made in this Report, we consider that the Occupational Lease(s) which is/are the subject of this Report *is/are acceptable for the purposes of secured lending.

This Report is addressed to you and is intended solely and exclusively for your benefit and use. No warranty or other representation is given or implied to any other party who may read or act on the contents hereof.

Sign:
Print Full Name:
Firm:
Address:
Date:
Note: The headings in this Report on Occupational Lease(s)are not intended to be exhaustive and any other relevant issues should be reported on if they are regarded as having a material impact on the Bank's security. Any headings thought to be irrelevant should have N/A inserted as appropriate.
In each case, the possible implications of any disclosures made must be detailed, together with any recommendations for the Bank.

(* Please delete as applicable)

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GB1039 (02/16)