Jurisdiction(s):
United Kingdom

Key definition

Surrender definition

What does Surrender mean? In insurance practice, surrender means the policyholder voluntarily cancels a life assurance or investment‑linked policy before its maturity and receives the surrender value (the cash value calculated under the policy). It commonly applies to endowment assurance and with‑profits policies and is also used for unit‑linked contracts. Usage is broadly consistent across England and Wales, Scotland, Northern Ireland and Ireland. It is primarily a contractual concept rather than a term defined in primary legislation, though regulatory and tax regimes recognise surrender and prescribe consequences. Key features include: a policyholder request; insurer calculation of the surrender value by reference to premiums paid,...

Form TR1 precedent for surrender of registered lease with drafting notes on consideration, title, merger and release (England and Wales)

Published by a LexisNexis Property expert

Precedents

Precedent transfer

An editable Word version of the TR1 precedent form can be downloaded, saved or printed via the link below:

Drafting notes to precedent transfer

panel 8—Consideration

If the landlord is paying the premium to the Tenant, choose the first option “The transferor has received from the transferee for the property the following sum (in words and figures):” and insert the Premium as specified. If the Tenant is paying a reverse premium to the Landlord for the surrender, choose the second option “The transfer is not for money or anything which has a monetary value” and set out the reverse premium payment (and the Landlord’s acknowledgement of receipt) in Panel 11 (Additional provisions). Note that the Land Registry fee for the application must be calculated by reference to the reverse premium amount, because the definition of “monetary consideration” in article 1(2) of the Land Registration Fee Order 2024, SI 2024/931 does not state the direction in which the consideration is paid.

Panel 9—Title guarantee

Use this panel to include any variations to the implied covenants for title. See precedent Clause: Specific clauses for transfers—qualifications to title guarantee...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

DOWNLOAD THIS DOCUMENT

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

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 ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

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 ]...