PLC FastDraft Leasehold management

PLC FastDraft has now launched. To try PLC FastDraft, call 020 7202 1220 or email fastdraft@practicallaw.com.

An automated set of documents covering leases.

To login, go to PLC FastDraft.

About PLC FastDraft

PLC FastDraft allows you to create better documents, faster.

Each PLC FastDraft module automates all documents for a project. We aim to halve the time you spend on first drafts of documents. For more information see About PLC FastDraft.

Subscribers should go to PLC FastDraft and login, then create a leasehold management project.

Scope of PLC FastDraft Leasehold management

The following situations are covered:

• Single or multiple landlords (companies or individuals).

• Single or multiple tenants (companies or individuals).

• All management documents are created on the basis that they take place under a headlease.

• Lease of whole or of part.

• Property on an estate or not on an estate.

• Guarantor of tenant's obligations.

• Break clauses or options to renew.

• Exclusions of security of tenure.

• Creating an underlease.

• Varying the terms of the lease.

• Assigning or transferring the lease.

• Making alterations to the property.

• Changing the use of the property.

• Sharing occupation of the property

• Creating a charge over the property.

All PLC FastDraft modules allow you to import contact information directly from Companies House and from the Royal Mail's postal database.

Documents

The following documents are automated in PLC FastDraft Leasehold management.

The documents are drafted from the landlords perspective, but take a reasonable position. Each document is accompanied by drafting notes. There are links to relevant PLC Practice Notes.

Main documents

• Deed of variation (www.practicallaw.com/2-201-1675).

• Deed of assignment (www.practicallaw.com/0-201-6259).

• Licence for underlease (www.practicallaw.com/4-316-4954).

• Licence to assign lease (www.practicallaw.com/9-317-1952).

• Licence to carry out works and alterations. (www.practicallaw.com/1-101-3845)

• Licence to change use (www.practicallaw.com/4-202-3757).

• Deed of surrender (www.practicallaw.com/A21726).

• Underlease of whole by reference (www.practicallaw.com/6-200-3008).

Supporting documents and forms

• Notice of assignment or transfer (www.practicallaw.com/A20602).

• Rent review memorandum (www.practicallaw.com/A16284).

• Notice of the creation of a charge (www.practicallaw.com/A20601).

• Notice of sharing occupation (www.practicallaw.com/A20595).

• Notice of underlease (www.practicallaw.com/A20603).

Control and management documents

• List of parties.

• Instruction checklist and deal summary document.

Forthcoming content

We are planning to include the following content in this module:

• Licence to underlet combining licence to change use and licence to carry out works.

Other leasehold management documents may form part of this module, or may be included in a separate module.