Jurisdiction(s):
United Kingdom
United Kingdom
Key definition
Covenant definition What does Covenant mean? A covenant is a binding promise in a contract or deed that imposes an obligation or restriction. In UK and Irish practice the term is used across contexts rather than being defined by statute; its content and enforceability derive from the instrument and case law. Debt capital markets: bond covenants are undertakings in the terms and trust deed that protect bondholders, typically including negative pledge, restrictions on disposals, distributions or incurring debt, information undertakings and financial covenants (maintenance or incurrence). Breach usually constitutes an event of default, with enforcement by the trustee on behalf of holders. Pensions: the employer covenant means...
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Indemnity covenant clauses for HM Land Registry transfers (TR1/TP1): additional provisions and schedules for documents, headleases and occupational leases (England and Wales)
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Precedents
Panel 11 (transfer of whole)/panel 12 (transfer of part)—Additional provisions
- Definitions: Documents are those in Schedule 1; Leases those in Schedule 2 (including any supplemental or collateral documents, or documents entered into under their terms); Occupational Leases those in Schedule 3 (including any such documents entered into under their terms).
- Transfer: The Property passes subject to, and where relevant with the benefit of, matters in the Conveyance, Documents and Occupational Leases.
- Indemnity Covenant: option one. By way of indemnity only, the Transferee will observe and perform the covenants, conditions and other matters in: the property, proprietorship and charges registers of the title(s) in panel 1; the Documents or the Conveyance; the Leases; and the Occupational Leases; and will indemnify the Transferor and their estate against all actions, proceedings, damages, costs, claims and expenses for any future breach, non‑observance or non‑performance, and under any authorised guarantee agreement in clause [number] of [document] dated [date] between [parties].
- Indemnity covenant: option two. By way of indemnity only, the Transferee will observe, perform and indemnify the Transferor for the matters contained or referred to in register(s) of the above title(s).
Schedules 1–3: list Documents, Leases and Occupational Leases (Date, Document, Parties)...
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Web page updated on 22/05/2026
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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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