Although this is a sublease, you are bound by the terms of the head lease and hence, would need someone to go through the head lease in detail for you. Do you have the head lease?
These are only heads of terms and hence, are not binding. It would only be the sublease that was a binding document.
It is normal for a sublease to exclude security of tenure or under the 1954 landlord & Tenant act. It is usually stated in the head lease that a sublease must contracted out.
Under section 12, you are jointly responsible for the landlord’s costs, if any, and it would be useful to know what they would be.
9, how much is the insurance? If it’s full repairing, you would be liable to do any repairs and to put the property in good condition even if it is in bad condition now. This needs to be read in conjunction with the head lease. I would want to see the provision in the sublease wording as well.
6 I don’t like the deposit being held for the term and would prefer it being held for the first 2 years and then returned subject to satisfactory payment of rent.
With the rental payment of £46,000 plus VAT, clearly this is a major commitment and I suggest that you get everything in writing from a high street solicitor because then, if something goes wrong, you can sue the solicitor in negligence.
Can I clarify anything for you? Please rate the service positive so that I get paid. We can still exchange emails. Best wishes. FES.