Tenant’s obligations that do not count as chargeable consideration

The following do not count as chargeable consideration:

(a)any undertaking by the tenant to repair, maintain or insure the premises;

(b)any undertaking by the tenant to pay any amount for services, repairs, maintenance or insurance or the landlord’s management costs;

(c)any other obligation accepted by the tenant which would not affect the open market rent that a tenant would be prepared to pay;

(d)any guarantee of the tenant’s obligations under the lease, e.g. to pay rent;

(e)any penal rent that becomes payable if the tenant fails to satisfy any obligations on him under the lease;

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