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Heads of Terms for a Licence to Alter outline the key agreed principles between a landlord and tenant regarding proposed alterations to the leased premises, including the scope of works, duration of the licence, and any conditions or restrictions. These terms form the basis for drafting the formal licence agreement, ensuring both parties are aligned before detailed legal documentation is prepared.

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Heads of Terms provide a clear summary of the main points agreed between landlord and tenant before finalising the detailed Licence to Alter, helping to avoid misunderstandings and streamline the drafting process.

Typically, Heads of Terms are non-binding, serving as a framework for negotiation, but specific clauses (such as confidentiality or exclusivity) can be made binding if expressly stated.

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