Paragraph 8 Payments

A requirement for the tenant—

(a)

to pay to the landlord interest calculated daily from the due date to the date of payment at the rate of 2% per annum above the base rate from time to time of such UK clearing bank as the landlord may choose on—

(i)

any rent (including VAT) which remains unpaid after the due date, and

(ii)

any other amount payable to the landlord under the tenancy which is not paid within five working days after the due date, and

for these purposes, an amount must be treated as unpaid for any period during which there is a breach by the tenant of the terms of the tenancy and the landlord refuses to accept payment;

(b)

to pay to the landlord—

(i)

any VAT chargeable on the consideration for any supply made by the landlord under the tenancy;

(ii)

where the tenant is to refund any payment made by the landlord, an amount equal to the VAT payable by the landlord, except to the extent the landlord can recover that VAT as input tax;

(c)

to pay—

(i)

all rates, taxes and other outgoings for the premises, except any tax assessed on the landlord for its ownership of, rental income from, or dealing with its interest in the premises;

(ii)

all charges for the premises for electricity, water, telephone and other utilities;

(iii)

a fair proportion of any rates, or other outgoings which are payable for any property of which the premises forms a part, as reasonably determined by a professionally qualified surveyor appointed by the landlord.