Ensuring eSignature Lawfulness for Commercial Lease Agreement in United Kingdom

How to eSign a document: e-signature lawfulness for Commercial Lease Agreement in United Kingdom

hi guys welcome to commercial love tutorials love lists this is our first lesson we are going to look at the definition requirements and the characteristics of this [Music] in this lesson we are going to look at the introduction then the definition requirements and also the characteristics in the law of list we deal with lease agreements or contracts in certain implied terms that govern these kinds of contracts [Music] these list agreements we are talking about can be either favor or written web agreements are difficult to prove in case of dispute though that arrives on the list teams set out between the landlord and the tenant hence it is very important to usually have the lease agreement written down what is the law of lease a less agreement is entered into when a person gives use and enjoyment of his property to another with the tenant for a specific period of time in return for payment or friend or a lump sum payment for premium so one person with the landlord gives another person his property the tenant so that the tenant can use and enjoy the property of the landlord for a specific period of time they would have agreed while the tenant will be paying rent to the landlord for the use of that property [Music] the tenant will be given possession of property underlist by the landlord and the tenant will use the property enjoy and benefit from the property for an agreed period of time while paying the landlord a certain amount of money as we are saying for the use of the property in the manner that they agreed therefore at least transfer right to the position of a property belonging to the landlord to the tenant the tenant will be having exclusive position of the property and not ownership though the landlord keeps ownership of the leased property and transfer position only the ownership of the property underlist cannot be transferred to the tenant except by alienation using either conduct of self or as a gift [Music] depending on the terms that are retained or agreed between the tenant and the long load the tenant may have also the right to transfer that rate of possession that he has to another person a subtenant through fabrice that is what the law of this is all about let us look at the angels of english in the case of street versus montford the essential elements which make up a list agreement with stated as [Music] exclusive possession of property rent and setting team that is agreed between the landlord and the tenant [Music] so that case gives us the signals of a list which are the parties the subject matter of less the duration of lease and consideration which is also called rent the parties the two parties in the agreement should be identifiable that is the landlord in the training there should be two parties in the agreement [Music] there must be the subject matter of the list also that is the other essential they must be the thing or property which is underlist for instance a house land and this may include the benefits which arise out of the land therefore for there to be a lease contract there should be exclusive possession of property under lease one should be able to use the property as a tenant and also may have the right also to gather and devote the civil and natural rules of that property duration of lease is the other essential try to enjoy the property must be transferred for a certain period of time or in paper cheat with an exact date of commencement of the lesser agreement that is when it is called at least the last essential is rent rent is what the landlord benefited from giving another is property its amount should be stated as well as the time period of frequency landlord aspect payment for instance weekly monthly or yearly rent can be in form of money or in form of any valuable thing for instance on a farm the output on that farm can be used by the tenant is rent which he paid to the landlord after a certain period of time for instance maize [Music] let us look at characteristics of endless what are the characteristics of elise there is certainly of parties the parties trailers should have the capacity to enter into ellis contract [Music] the owner of the property or his agent who is authorized by the landlord should list the property not anyone else who doesn't own that property so the parties should be setting they should be the landlord in training then setting it of property the property should be identifiable in the setting book location also should be stated there should be a certain commencement date that is the date the tenant will assume called patient of the property that can be either specific or upon occurring of a specific event or circumstance so it can be specific or upon occurrence of a specific event or circumstance that the tenant and the landlord agreed on there should also be the need of term of list [Music] then there should be payment of rent that is the other characteristic rent should be paid by the tenant as for the use and the occupation of the property and as we have already said rent can be in form of money or any valuable consideration [Music] there should be exclusive position the tenant has the right to exclude others from the property including the landlord himself and his authorized agents and to expiration or termination of lease and lastly the landlord has the right to get back the property from the tenant after the expiration or termination of lease those are the characteristics of in this contract [Music] thank you so much for watching that was all i had for you today remember to subscribe and like if you haven't done so