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CHP Leases

As a tenant in one of our buildings, you will be aware that we have been working to regularise all sub‐tenancies through formal under-lease agreements, with the aim of ensuring that all of our sub-tenants are on a properly regulated lease.

The benefits of securing an under-lease:

  • Provides security of tenure for a fixed term.
  • Provides certainty of fixed costs for occupied areas, with hard FM and Life-cycle costs included in the fixed costs.
  • Provides a fair apportionment of variable costs, including for common areas and shared areas.
  • Unregulated sub tenancies create an insurance risk to the occupier as insurers will seek re-imbursement from the cause of the loss in the absence of a lease.
  • Enables tenants to sub-let in accordance with lease terms.
  • Enables improvement in service levels and value for money.
  • Enables building variations and other applications requiring head tenant consent and support – including the provision of funding where appropriate.
  • Complies with the requirements of the service contract.

Our leases work flexibly with tenant service contracts and can be amended should a contract change. We are transparent over our charging schedules and costs and will supply a budget statement and reconciliation to actual costs each year.

To find out more, or to progress your lease, please contact the CHP leasing team.


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