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Lease agreement template for FFS
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Lease agreement template for FFS

OPERATIVE PROVISIONS


Definitions and interpretation
In this Lease the terms defined in in Schedule 6 shall have the meanings specified.
Wherever the circumstances of its use mean it is suitable the phrase the “Society” includes the person for the time being entitled to the interest of the Society under this Lease.
The phrase the “Member” as this Lease prevents the Member disposing of their interest under this Lease extends to the Member’s personal representatives, administrator or trustee in bankruptcy only.
Any obligation on a party to this Lease to do any act includes an obligation to procure that it is done.
Where the Member is placed under a restriction in this Lease, the restriction includes the obligation on the Member not to permit or allow the infringement of the restriction by any person.
References to liability include, where the context allows, claims, demands, proceedings, damages, losses, costs and expenses.
The Clause and paragraph headings in this Lease are for ease of reference only and are not to be taken into account in the interpretation of any provision to which they refer.
Unless the contrary intention appears, references:
to defined terms are references to the relevant defined term in Schedule 6.
to numbered Clauses and Schedules are references to the relevant Clause in, or Schedule to, this Lease; and
to a numbered paragraph in any Schedule are references to the relevant paragraph in that Schedule.
Words in this Lease denoting the singular include the plural meaning and vice versa.
Where the Society or the Member consists of two or more persons obligations expressed or implied to be made by or with them are deemed to be made by or with those persons jointly and severally (meaning that they will be each liable for all sums due under this Lease and not just a proportion of part).
References in this Lease to any statutes or statutory instruments include any statute or statutory instrument amending, consolidating or replacing them respectively from time to time in force, and references to a statute include statutory instruments and regulations made pursuant to it.
Words in this Lease importing one gender include both genders, and may be used interchangeably, and words denoting natural persons, where the context allows, include corporations and vice versa.
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