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As part of our commitment to clear, open collaboration we've created Clearlet, the UK's first truly customer-focussed lease. As its name implies, Clearlet is written in plain English, not impenetrable jargon. And because the Clearlet lease is completely consistent across our entire retail portfolio, it means an end to individually negotiated deals and their associated legal fees, saving time and money for all concerned.

Clearlet is the result of detailed consultation with several of our key UK retail customers and the leading property law firms. A key aspect of Clearlet is its ability to change with the times - as the market develops, so will Clearlet. Needless to say, any amendments will be rigorously reviewed by our property directors, key customer panel and legal team.

Key features of Clearlet:·

  • Provisions for deemed consent covering alterations, assignment and underletting
  • Options for inclusive service charges
  • A partnership approach to sustainability and the sharing of energy performance data
  • Includes common retailer amendments to our standard lease
  • Fully compliant with the Lease Code and Service Charge Code

If you'd like to know more about how Clearlet could help you please call Clive Ashcroft, our Head of Legal Services, on 020 7024 5257.

A1 Magazine Spring 2014
A1 Magazine Spring 2014
(0.27Mb, PDF)
‘Student Lock-in’ night nets £1.65 million for Land Securities’ retailers|
‘Student Lock-in’ night nets £1.65 million for Land Securities’ retailers