Clare Rogers MSc MRICS PCAP Director of Estate Support Services Letting Procedure: Guidelines for Applicants 1. A lease application form must first be completed and returned to the Director of Estate Support Services. 2. Upon receipt of your completed lease application, references will be applied for in writing. Please note that the University has no control over the length of time taken in obtaining replies. 3. In the meantime if you have applied for a shop unit your accounts or cash flow forecast will be analysed by the University Bursar. 4. You will receive an offer of a lease from the Director of Estate Support Services detailing the main terms to be included in the legal document. This is not a lease agreement and the offer is made subject to receipt of satisfactory references and University approval. The acceptance form attached to the offer letter must be signed and returned to the Director of Estate Support Services should you wish to proceed with your lease application. Upon receipt of the signed form the matter will be submitted to the next relevant Committee meeting for approval. 5. 6. Once the terms of the letting have been formally approved we will instruct our solicitors to prepare documentation when all of the following conditions have been complied with: Receipt of satisfactory bank and trade/character references. Approval of your accounts/cash flow forecast by the Bursar (if applicable). Receipt of the lease terms acceptance form. Approval of the relevant Committee Once our solicitor has received instructions to prepare documentation, the University’s standard lease will be sent to your solicitor in draft form. The lease is merely supplied in draft form for approval and it is based on the terms already agreed. Amendments or alterations will not be accepted, save in case of manifest error. Upon approval and return to our solicitor the lease will be completed. 7. Where special consents are required, for example planning permission, listed building consent, building regulations or special trading licences, it is your responsibility to ensure that all of the approvals are obtained prior to signing the lease agreement. 8. Once the lease has been completed, the keys to the premises will be handed over, usually by the Director of Estate Support Services, and you may take occupation. 9. The lease will provide that the rent is payable quarterly in advance, preferably by standing order (the relevant forms will be issued upon request). Quarterly invoices will be issued for rent and any services consumed that are centrally provided by the University, for example water, electricity etc. The building insurance premium will be collected by a separate invoice. It is important to remember that should you find yourself in financial difficulty at any point during your occupation, it is advisable to contact the Bursar’s office as soon as possible to prevent arrears from accruing. 10. The University’s Insurance Manager will be informed when you have taken possession of the premises. An insurance questionnaire will be sent to you for completion soon after you have taken occupation. This must be returned to the University’s Insurance Officer who will inform the University’s insurers of your details in order that the premium may be assessed. This premium is recharged on an annual basis and is subject to an annual review. Please note that the University insures the main structure of the building against the following risks: fire, storm, lightning, explosion, terrorism, aircraft damage, riot and civil commotion. Contents insurance and insurance against all other risks should be arranged by you. 11. It is your responsibility to ensure that the Non-Domestic Rates Section of Newcastle City Council is informed of your occupation of the premises. THIS GUIDE IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE A VALID OFFER OR CONTRACT