LEASE

Dated 5th February 1982

SEVERN TRUST CO-OWNERSHIP HOUSING

SOCIETY (No.3) LIMITED

TO

…………………………………………………………………………..

LEASE
OF Flat no. Woodside Court
Lisvane Road Llanishen in the
City of Cardiff

Gordon Williams
Solicitors
Cardiff

Page 1 of 12
 LEASE
THIS LEASE is made the Fifth day of February One thousand nine hundred and eighty two
BETWEEN SEVERN TRUST CO-OWNERSHIP HOUSING SOCIETY (No.3)
LIMITED whose registered office is at 37 Woodside Court Lisvane Road Llanishen in the
City of Cardiff (hereinafter referred to as “the Lessor”) of the one par and the party or parties
specified in Part I of the First Schedule hereto (hereinafter referred to as “the Lessee”) of the
other part
WHEREAS:-
1) In this Deed unless the context otherwise requires: -

a. “the Lessor” includes the person or persons for the time being entitled to the reversion
immediately expectant on the determination of the term hereby created
b. “the Lessee” includes the successors in title of the Lessee and both or all the Lessees
if and whenever there is more than one
c. “the Estate” means the property described in Part I of the Second Schedule hereto
d. “the Flats” means the flats with the garages allocated to them forming part of the Estate
and “Flat” has a corresponding meaning
e. “the Reserved Property” means that part of the Estate not included in the Flats being
the property more particularly described in Part II of the Second Schedule hereto
f. “the Premises” means the property hereby demised as described in the Third Schedule
hereto including for purposes of obligation as well as grant the ceilings floors joists
beams cisterns tanks sewers drains pipes wires ducts and conduits specified in the said
Schedule
g. “Owner” in relation to a Flat means in the case of a Flat let or demised (otherwise than
by way of Mortgage) by the Lessor at a rent less than One Hundred Pounds (£100) per
annum the holder of the term created by that letting or demise and in the case of a Flat
not so let or demised means the Lessor and “ownership” in relation to a Flat has a
corresponding meaning
h. The masculine shall be deemed to include the feminine and the singular the plural and
where the Lessee is more than one person the covenants on the part of the Lessee shall
be deemed to have been made jointly and severally
2) The Lessor is a Housing Society within the meaning of the Housing Act 1964
and this Lease is made in pursuance of the powers conferred on the Lessor by
the Housing Act 1980
3) The Lessor is seised of the Estate in fee simple and intends to let all the Flats
in the Estate upon terms similar to those herein contained and to retain the
Reserved Property
4) It is intended that upon any transaction by which the Lessor parts with the
ownership of any Flat the person becoming the Owner of that Flat shall enter
into a covenant with the Lessor to observe and perform in relation to that Flat
covenants in similar terms to those specified in the Sixth Schedule here to the
intent that the Owner of an Flat may enforce the observance and performance
by the Owner of any other Flat of the said covenants
5) The Lessee is the holder of a share in the Lessor

Page 2 of 12
 LEASE
NOW THIS DEED WITNESSETH AS FOLLOWS:

1. In consideration of the price specified in Part II of the First Schedule hereto paid by the
Lessee to the Lessor (the receipt whereof the Lessor hereby acknowledges) and of the rent
hereinafter reserved and the covenants on the part of the Lessee specified in the Sixth
Schedule hereto the Lessor hereby demises unto the Lessee ALL THOSE the Premises
Together with the rights specified in the Fourth Schedule here TO HOLD the same unto
the Lessee from the First day of May One thousand nine hundred and eighty one for a term
of Ninety nine years paying therefore during the said term in advance the yearly rent of
Twenty five pounds (£25) on the First day of May in each year without any deduction a
proportionate payment from the date hereof to be made on the execution hereof and
subsequent payments annually thereafter commencing on the First hereto (which so far as
not already affecting the title of the Lessor to the Premises are hereby excepted and reserved
from this demise) and to the covenants on the part of the Lessee specified in the Sixth
Schedule hereto upon the trust affecting the same (if any) specified in the Eighth Schedule
hereto
2. The Lessee hereby covenants with the Lessor that the Lessee will observe and perform the
covenants on the part of the Lessee specified in the Sixth Schedule hereto
3. The Lessor hereby covenants with the Lessee that it will observe and perform the covenants
on its part specified in the Seventh Schedule hereto
4. Any notice under this Lease shall be in writing and shall be served either by registered post
or the recorded delivery service (in the case of a limited company at its registered office
and in any other case at the last known address of the person upon whom it is to be served)
or personally or (in the case of the Lessee) by leaving it at the Premises or (in the case of
the Lessor) by delivery to or service upon its authorised agent
5. If the rent hereby reserved or any part thereof is unpaid for twenty one days after
becoming payable (whether formally demanded or not) or if any of the covenants on the
part of the Lessee herein contained are not observed and performed then and in any such
case it shall be lawful for the Lessor or any person or persons authorised by it in that behalf
at any time thereafter to re-enter the Premises or any part thereof in the name of the whole
and thereupon the term hereby created shall absolutely determine but without prejudice to
any right of action or remedy of the Lessor in respect of any breach of the covenants on the
part of the Lessee specified in the Sixth Schedule hereto
6. It is hereby certified that the transaction hereby effected does not form part of a larger
transaction or of a series of transactions in respect of which the amount or value or the
aggregate amount or value of the consideration other than rent exceeds Twenty thousand
pounds (£20,000)

IN WITNESS whereof the Common Seal of the Lessor has been hereunto affixed and the
Lessee has hereunto set his hand and seal the day and year first before written

Page 3 of 12
 LEASE

THE FIRST SCHEDULE

PART I – The Lessee

Name Address

…………………………………. …… Woodside Court Lisvane Road

Llanishen Cardiff

PART II – The Price - Nine thousand two hundred and eighty five pounds (£9,285)

THE SECOND SHEDULE

PART I – The Estate

ALL THOSE freehold pieces or parcels of land now known as Woodside Court Lisvane Road
Llanishen in the City of Cardiff Together with the blocks of Flats and garages erected on part
thereof which said pieces or parcels of land are delineated in the plan annexed hereto and
thereon edged with red

PART II- The Reserved Property

FIRSTLY ALL THOSE the gardens grounds drives paths roads forecourts bin stores forming
part of the Estate and the halls staircases landings and other parts of the buildings forming part
of the Estate which are not included in the Flats and

SECONDLY ALL THOSE the main structural parts of the buildings forming part of the
Estate including the roofs foundations and external walls thereof and the front door of each Flat
(but not the windows and window frames of the Flats nor the interior faces of such of the
external walls as bound the Flats) and all cisterns tanks sewers drains pipes wires ducts and
conduits not used solely for the purpose of one Flat and joists or beams to which are attached
any ceilings except where the said joists or beams also support the floor of a flat

THE THIRD SCHEDULE

THE PREMISES

FIRSTLY ALL THAT Flat ……………………………forming part of the estate and being one of the Flats and
known as Flat No………… Woodside Court Lisvane Road Llanishen in the City of Cardiff delineated in
the plan annexed hereto and thereon coloured pink Together with the ceilings and floors of the said
Flat and the joists and beams on which the floors are laid but not the joists or beams to which the
ceilings are attached And together with all cisterns tanks sewers drains pipes wires ducts and conduits
used solely for the purposes of the said Flat but no others EXCEPT AND RESERVED from this demise
the front door of the said Flat and the main structural parts of the building of which the said Flat forms
part including the roof foundations and external walls thereof but not the windows and window
frames of the said Flat nor the interior faces of such of the external walls as bound the said Flat and
SECONDLY ALL THAT the garage numbered ……… delineated in the plan annexed hereto and thereon
coloured pink

Page 4 of 12
 LEASE
THE FOURTH SCHEDULE

RIGHTS INCLUDED IN THE DEMISE

1. The right for the Lessee and all persons authorised by him in common with the Lessor and
the Owners of all other flats and all others having the like right to use for purposes only
of access to and egress from the Premises all such parts of the Reserved Property as afford
access thereto
2. The right of passage and running of gas electricity water and soil from and to the
Premises through the sewers drains pipes wires ducts and conduits forming part of the
Reserved Property
3. The benefit of any covenants entered into by the Owners of other Flats with the Lessor so
far as such covenants are intended to benefit the Premises or the Lessee and so far as the
benefit thereof can in law accrue to the Premises or to the Lessee
4. All rights of support protection and other easements and all quasi-easements rights and
benefits of a similar nature now enjoyed or intended to be enjoyed by the Premises
5. The right for the Lessee and all persons authorised by him in common with the Owners of
all other Flats and all others having the like right to use the gardens pleasure grounds
drives paths and forecourts forming part of the Reserved Property subject to such
reasonable rules and regulations for the common enjoyment thereof as the Lessor may from
time to time prescribe
6. Such rights of access to and entry upon the Reserved Property and other Flats as are
necessary for the proper performance of the Lessee’s covenants specified in the Sixth
Schedule here

THE FIFTH SCHEDULE

RIGHTS TO WHICH THE DEMISE IS SUBJECT

1. All rights of support and other easements and all quasi-easements rights and benefits of a
similar nature now enjoyed or intended to be enjoyed by any other part of the Estate over
the Premises
2. Such rights of access to and entry upon the Premises by the Lessor and the Owners of all
other Flats and all persons authorised by it or them as are necessary for the proper
observance and performance of the Lessor’s covenants specified in the Seventh Schedule
hereto and the covenants by the said Owners specified in the leases of other Flats
3. The right to build on any part of the Estate and on any adjacent land of the Lessor
notwithstanding any interference with the access of light or air to the Premises
4. The access of light and ir over the Premises to the existing windows and other openings in
the buildings on the Estate or any adjacent land of the Lessor
5. The burden of any covenants entered into by the Lessor with the Owners of other Flats so
far as such covenants are intended to bind the Premises or the Lessee

Page 5 of 12
 LEASE
6. Such rights of access to an entry upon the Reserved Property and the other Flats as are the
proper performance of the Lessee’s covenants specified in the Sixth Schedule hereto

THE SIXTH SCHEDULE

COVENANTS BY THE LESSEE

1. To pay the reserved rent on the days and in the manner aforesaid
2. To pay all existing and future rates taxes assessments and outgoing whether
parliamentary local or otherwise imposed or charged upon the Premises or any part thereof
or on the Lessor or the occupier of the Premises other than water and sewerage rates now
or hereafter imposed or charged not upon the Premises alone but upon the Estate or upon
the block of Flats of which the Premises forms part
3. If at any time the assessment to income tax under Schedule “A” in respect of the Premises
(whether alone or with other property) is made on the Lessor to pay on demand to the Lessor
an amount equal to the said tax from time to time so assessed on the Lessor and attributable
to the Premises If such assessment relates to other property as well as the Premises the
amount of tax so attributable to the Premises shall be certified by the Lessor’s Surveyor
4. To the satisfaction in all respects of the Lessor’s Surveyor keep the Premises and all parts
thereof and all fixtures and fittings therein an all additions thereto properly cleaned
and in a good and tenantable state of repair decoration and condition throughout the
continuance of this demise including the renewal and replacement of all worn or damaged
parts and shall maintain and uphold and whenever necessary for whatever reason rebuild
reconstruct and replace the same and shall yield up the same at the determination of the
demise in such good and tenantable state of repair decoration and condition and in
accordance with the terms of this covenant in all respects
5. All internal walls separating the Premises from any other part of the Estate shall be party
walls and shall be used repaired and maintained as such
6. Before repairing or carrying out any work upon any joist or beam to which is attached the
ceiling of any other part of the Estate and before carrying out any repairs or works which
the Lessee is required to carry out hereunder and for the carrying out of which the Lessee
requires access to any other part of the Estate to give reasonable notice (and except in cases
of extreme urgency at least forty-eight hours’ notice) in writing to the occupier of that part
of the Estate the ceiling of which is attached to the said joist or beam or to which the Lessee
requires access as the case may be The Lessee shall on giving such notice be entitled to
repair the said joist or beam or carry out the said repairs or works and in doing so to have
any required access to such other part of the Estate but shall act carefully and reasonably
doing as little damage as possible to any part of the Estate and at the Lessee’s own expense
making good all damage done
7. In the year One thousand nine hundred and eighty eight and in every succeeding seventh
year of this demise and in the last three months thereof to paint with two coats of good
quality paint in a workmanlike manner all the wood iron and other parts of the Premises
usually or which ought to be painted including the inside of the front door of the Premises
and shall in addition distemper wash stop whiten and colour all such parts as are usually or
as ought to be so treated and re-paper the parts (if any) now papered with suitable paper of
as good quality as that now in use

Page 6 of 12
 LEASE
8. To clean the interior glazed surfaces of the windows of the Premises as often as may be
necessary
9. To permit the Lessor or its duly authorised agent with or without workmen and others upon
giving forty-eight hours previous notice in writing at reasonable time to enter upon and
examine the condition of the Premises and upon written notice being given by the Lessor
specifying any repairs or works necessary to be done for which the Lessee is liable
hereunder forthwith to comply with the same and if the Lessee does not within two months
after the service of such notice proceed diligently with the execution of such repairs or
works to permit the Lessor or its duly authorised agent with or without workmen to enter
upon the Premises and cause such repairs or work to be executed and the cost thereof shall
be repayable by the Lessee on demand as rent arrear
10. To permit the Lessor and the Owners of the other Flats to have access to and to enter
upon the Premises as often as it may be reasonably necessary for them to do so in fulfilment
of their obligations hereunder or under covenants relating to other Flats and similar to those
herein contained
11. Not to make any additions or alterations (including the replacement or repair of the
windows or window frames with materials differing in size quality or appearance from
existing windows and window frames) to the Premises without the written consent of the
Lessor and to make such additions or alterations only in accordance with the terms of such
approval and the relevant plans and specifications (if any) The Lessee shall at the Lessee’s
expense obtain all necessary consents licenses and planning permissions and comply with
all bye-laws regulations and conditions applicable thereto
12. Not to do or permit or suffer to be done in or upon the Premises anything which may be or
become a nuisance or annoyance or cause damage or inconvenience to the Lessor or to
the Owner or occupier of any other Flat or whereby any insurance for the time being
effected on the Estate or any part thereof (including the Premises) may be rendered void or
voidable or whereby the rate of premium may be increased and to pay all costs charges and
expenses incurred by the Lessor in abating a nuisance in obedience to a notice served by a
competent authority
13. To do all such works as under any Act of Parliament or rule of law are directed or necessary
to be done on or in respect of the Premises (whether by the Lessor the Lessee or the
occupier) and shall keep the Lessor indemnified against all claims demands and liabilities
in respect thereof
14. Upon receipt of any notice order direction or other thing from any competent authority
affecting or likely to affect the Premises or any part thereof whether the same shall be
served directly on the Lessee or the original or a copy thereof be received from any
underlessee or other person whatsoever forthwith so far as such notice order direction or
other thing or the Act regulations or other instrument under of by virtue of which it is issued
or the provisions hereof require him so to do to comply therewith at his own expense and
forthwith deliver to the Lessor a true copy of such notice order direction or other thing and
if so required by the Lessor join with the Lessor in making such representations to that or
any other appropriate authority concerning any requirement or proposal affecting eh
Premises or any part thereof or the Estate as the Lessor may consider desirable and join
with the Lessor in any such appeal or application to the court against such notice order
direction or other thing as the Lessor may consider desirable

Page 7 of 12
 LEASE
15. Not to do or permit or suffer to be done any act matter or thing on or in respect of the
Premises which contravenes the provisions of the Town and Country Planning Act 1971
or any enactment amending or replacing it and to keep the Lessor indemnified against all
claims demands and liabilities in respect thereof
16. Not to use or occupy or permit or suffer the Premises nor any part thereof to be used or
occupied for any illegal or immoral purpose not for any shop warehouse or other place for
carrying on any trade business of profession or any place of public entertainment or
instruction or of public worship or for the purpose of displaying any notice advertisement
name-plate or placard and not to hold a sale by auction thereon not to take or permit or
suffer to be taken on to the Premises any boarders or lodgers but to use the same for the
purposes of a single private residence only to limit the number of persons permanently
resident therein to three
17. Not to permit any trailer caravan mobile home or other vehicle other than a private
motor car motor cycle of bicycle to be kept on any part of the Estate without the written
consent of the Lessor
18. Not to erect upon the Premises nor affix thereto or to any part thereof any machinery or
mechanical or scientific or electrical apparatus excepting only radio and television
receivers (and indoor aerials therefore video recorders and record players and domestic
electrical apparatus properly fitted with approved suppressor against electrical interference
to other apparatus) not to affix or place any external television aerial or other article outside
the Premises without the written consent of the Lessor
19. Nor to bring int the Premises or the Estate any article which is or may become dangerous
and to keep the fire exits free and unobstructed
20. Not to keep in the Premises any animal bird or reptile without the written consent of
the Lessor
21. Not to nurse nor allow to remain in the Premises any person suffering from any notifiable
infectious or contagious illness without the written consent of the Lessor
22. Not to insert into or place or leave in the sinks baths lavatories cisterns or any pipe in the
Premises any rags dirt rubbish refuse or other substance nor to cause any obstruction or
blockage therein in any other manner whatsoever
23. Not to waste water in the Premises but to take adequate precautions (where necessary) to
protect all pipes against freezing of water therein and to be responsible for all damage to
the Premises or the Estate through bursting overflowing or stopping up of any pipes within
the Premises or through the delivery or removal of the Lessee’s furniture or other goods
24. Not to play any radio or television receiver video recorder cassette recorder or musical
instrument or any other like apparatus nor to sing or so conduct himself or permit licensees
or invitees to conduct themselves on the Premises or anywhere on the Estate so as to cause
annoyance or nuisance to the occupants of the Flats or adjoining properties or so as to be
audible outside the Premises between the hours of 11 pm and 7.30 am
25. To keep the floors of the Premises covered with carpets except that in the kitchen and
bathroom fitted cork or rubber covering or other suitable material for avoiding the
transmission of noise may be used instead of carpets
26. To keep the front door of the Premises and the door leading to the lounge in the
Premises closed in accordance with the fire regulations in operation from time to time and

Page 8 of 12
 LEASE
to ensure that the door leading to the lounge in the Premises complies in all respects with
the said fire regulations
27. To provide and maintain in good and clean condition net or other curtains or blinds for
all windows in the Premises
28. To bear the cost of making good any loss or damage suffered by or caused to the Lessor
or any part of the Estate by any act omission or negligence of the Lessee and all persons
authorised by him to enter the Estate
29. To comply with and observe any reasonable rules and regulations which the Lessor
may consistently with the provisions of this Deed make from time to time to govern the use
of the Reserved Property Such rules and regulations may be restrictive of acts done on the
Reserved Property which in the opinion of the Lessor are or may be detrimental to its
character or amenities
30. Not at any time during the term hereby granted:
(a) To assign underlet or part with the possession of part of the Premises
(b) To assign underlet or part with the possession of the whole of the Premises without
the previous consent in writing of the Lessor such consent not to be unreasonably
withheld
31. Within twenty-one days of the date of every assignment transfer underlease or assent
or any other devolution of the Premises or any other dealing therewith affecting the
performance of the covenants on the part of the Lessee and the conditions herein
contained to give notice thereof in writing to the Lessor’s solicitors with a registration
fee of Five pounds plus value added tax and if so requested to send a verified copy of
any document to the Lessor’s solicitors
32. To keep the Lessor indemnified from and against the Lessee’s proportionate part of all
reasonable costs charges and expenses incurred by the Lessor or charged by the Lessor
in carrying out its obligations under the Seventh Schedule hereto
33. To pay quarterly in advance on the First day of February the First day of May the
First day of August and the First day of November in each year (a proportionate
payment being due on the execution hereof and subsequent payments on the said dates
hereafter commencing on the First day of May next) the sum of Sixty pounds (£60) or
such other sum as shall be reasonably required by the Lessor to observe and perform
the
34.
(a) Upon any transaction or disposition to which the Lessee is a party or over which
the Lessee has any control involving a change or a contract for a change in
ownership of the Premises to ensure that the person becoming or contracting to
become as a result of such transaction or disposition the Owner of the Premises
becomes also the holder of the Lessee’s share in the Lessor and enters into a direct
covenant with the Lessor to observe and perform the covenants on the part of the
Lessee contained in this Schedule and in particular this Clause and pays all costs
incurred by the Lessor in connection therewith
(b) Upon any devolution or transmission of the ownership of the Premises to which
the Lessee is not a party and over which the Lessee has no control to use the
Lessee’s best endeavours to ensure that the person becoming the Owner of the
Premises as a result of such devolution or transmission becomes also the holder of

Page 9 of 12
 LEASE
the Lessee’s share in the Lessor and enters into a direct covenant with the Lessor to
observe and perform the covenants on the part of the Lessee specified in this
Schedule and in particular this Clause
(c) If and so long as the Lessee is not the holder of a share in the Lessor to carry out
the obligations attaching to the share in the Lessor now held by the Lessee and
to the holder thereof as such and to indemnify the holder for the time being of the
said share against any liability in respect of such obligations
(d) If at any time and so long as the effect of this Clause would (but for the provisions
of this sub-clause) be to require a share in the Lessor to be held by the Lessor or
to require the Lessor to carry out the obligations attaching to a share in itself or to
the holder thereof as such or to indemnify the holder for the time being of such a
share against any liability in respect of such obligations then and in every such case
this Clause shall be so interpreted as to substitute for the Lessor (as regards the
holding of its own shares or the carrying out of or indemnifying against any
obligations relating to the holding thereof) a person duly nominated for that purpose
by a resolution of the Board of Directors of the Lessor

THE SEVENTH SCHEDULE

COVENANTS BY THE LESSOR

1. To pay all existing and future rates taxes assessments and outgoings now or hereafter
imposed on or payable in respect of the Premises other than those payable by the Lessee
pursuant to the covenant in that behalf specified in Clause 2 of the Sixth Schedule hereto
2. To keep the buildings on the Estate comprehensively insured in the joint names of all
persons having any interest therein against loss or damage by fire and such other risks as
the Lessor deems fit to the full value thereof (plus ten per cent for architects’ and surveyors’
fees) in a reputable insurance office and to make all payments necessary for those purposes
within seven days after the same become payable and to produce to the Lessee on demand
the policy of such insurance and the receipt for every such payment
3. As often as any part of the Estate is destroyed or damaged to rebuild and reinstate the
same in accordance with the bye-laws regulations and planning or development schemes
of any competent authority for the time being affecting the same and it is hereby agreed
that any moneys received in respect of the insurance above provided for shall be applied so
far as the same shall extend in so rebuilding or reinstating the Estate
4. To keep the Reserved Property and all fixtures and fittings therein and additions thereto
in a good and tenantable state of repair decoration and condition including the renewal and
replacement of all work or damaged parts (and including the redecoration of the exterior of
all windows and window frames but excluding the redecoration of the interior of the frong
door of each Flat) and including such works as the Lessor shall deem fit for the
improvement and maintenance of the Reserved Property the provision of services and the
employment of gardeners porters and such other employees as the Lessor shall deem fit
PROVIDED that nothing specified in this Clause shall prejudice the Lessor’s right to
recover from the Lessee or any other person the amount or value of any loss or damage

Page 10 of 12
 LEASE
suffered by or caused to the Lessor or any part of the Estate by any act omission or
negligence of the Lessee or such other person
5. Before repairing any joist or beam to which is attached any ceiling of the Premises
and before carrying out any repairs or works to the Reserved Property for the carrying
out of which it requires access to the Premises to give reasonable notice (and except in
cases of extreme urgency at least forty eight hours’ notice) in writing to the Lessee The
Lessor shall on giving such notice be entitled to repair the said joist or beam or carry out
the said repairs or works and doing so to have any required access to the Premises but shall
act carefully and reasonably doing as little damage as possible to the Premises and making
good all damage done
6. To keep the halls stairs landings and passages forming part of the Reserved Property
properly paved cleaned and in good order and to keep adequately lighted all such parts of
the Reserved Property as are normally lighted or as should be lighted
7. To keep proper books of account of all costs charges and expenses reasonably incurred
by it in observing and performing the covenants specified in this Schedule (including a
reasonable charge for managing the Estate and carrying out the said covenants) and an
account shall be taken on at least one quarter day as specified in Clause 33 of the Sixth
Schedule hereto in every year during the continuance of this demise and at the termination
of this demise of the amount of the said reasonable costs charges and expenses incurred
since the commencement of this demise or the date of the last preceding account as the case
may be
8. To ensure that the account specified in Clause 7 of this Schedule is prepared or audited by
a competent Chartered Accountant who shall sign a certificate verifying the total amount
of the said costs charges and expenses (including his fee) for the period to which the account
relates and the proportionate amount due from the Lessee to the Lessor pursuant to Clause
32 of the Sixth Schedule hereto
9. Within one month of the date upon which the Lessor shall receive the account and
certificate specified in Clause 7 of this Schedule to deliver notice thereof to the Lessee
together with copies of specified in Clause 7 of this Schedule to deliver ----------------- the
account and certificate and a refund of the overpayment (if any) made by the Lessee
pursuant to Clause 33 of the Sixth Schedule hereto during the proceeding year disclosed
by such account and certificate The said notice shall specify the amount of the quarterly
payments to be made by the Lessee during the period from the date to which the said
account was taken until the next account is taken together with demand for the
underpayment (if any) made by the Lessee pursuant to Clause 33 of the Sixth Schedule
hereto during the preceding year disclosed by such account and certificate any such
underpayment being due and payable on the next quarter day as specified in Clause 33 of
the Sixth Schedule hereto
10. Upon any transaction by which the Lessor parts with the ownership of any Flat to ensure
that the person becoming the Owner of that Flat shall enter into a covenant with the
Lessor to observe and perform in relation to that Flat covenants in similar terms to those
set out in the Sixth Schedule hereto to the intent that the Owner of any Flat may enforce
the observance and performance by the Owner of any other Flat of the said covenants
Provided that for so long as the Lessor shall not have parted with the ownership of any Flat
as aforesaid the Lessor as Owner of that Flat and for the benefit of the Owners of the other

Page 11 of 12
 LEASE
Flats on the Estate hereby covenants to observe and perform in relation to that Flat the
covenants set out in the Sixth Schedule here to
11. That the Lessee paying the rent hereby reserved and observing and performing the
covenants specified in the Sixth Schedule hereto shall peaceably hold and enjoy the
Premises and the rights specified in the Fourth Schedule hereto during the said term without
any lawful interruption from or by the Lessor or any person lawfully claiming under or in
trust for it

THE EIGHTH SCHEDULE

In the event that the Lessee is more than one person then but not otherwise the Lessee hereby
declares as follows:

(a) The premises are held by them Upon Trust to sell the same with power to postpone the
sale in trust for themselves as beneficial joint tenants/tenants in common in equal shares
(b) The Lessee (or other the trustees for the time being of this Deed) shall have full power
until the expiration of a period of eighty years from the date hereof (which period shall
be the perpetuity period applicable hereto) to mortgage charge lease or otherwise
dispose of the whole of the Premises with all the powers in that behalf of an absolute
owner

THE COMMON SEAL of the Lessor was )

Hereunto affixed in the presence of: )

Director

Secretary

SIGNED SEALED and DELIVERED by the )

Lessee in the presence of: )

Page 12 of 12