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.