Feature
Heads of Terms Drafter
Agree the headline deal on a call — Rubo drafts RICS 2020 Code-aligned Heads of Terms from your voice note or text brief. 17 sections, s.38A carve-out auto-triggered.
17 Sections, RICS Code Aligned
Heads of Terms FAQ
What are Heads of Terms?
Heads of Terms (HoTs) are a summary of the key commercial terms agreed between landlord and tenant before solicitors are instructed to draft the formal lease. In UK CRE, they typically cover rent, term, break clauses, rent review, alienation, repair obligation, and any capital contributions.
Are Heads of Terms legally binding?
Generally no — UK HoTs are expressed as "subject to contract" and are not legally binding. However, specific provisions (e.g. exclusivity or confidentiality) can be made binding if drafted as such. Rubo includes "subject to contract" language by default.
What is the RICS 2020 Code for Leasing?
The RICS Code for Leasing Business Premises (2020) sets standards for transparency in lease negotiations. It recommends that HoTs cover specific items including the landlord's proposed lease form, any tenant break, the repair standard, and the extent of any security of tenure exclusion.
How does Rubo draft Heads of Terms?
Send a voice note on WhatsApp or a text brief via email with the headline deal. Rubo generates a 17-section HoTs document aligned to the RICS 2020 Code, auto-triggering the s.38A statutory declaration section where the lease is to be contracted out of the 1954 Act.
Can I pre-populate HoTs from an existing lease?
Yes. Upload the existing lease and Rubo extracts the current terms to pre-populate the HoTs — useful for lease renewals or regears where you want to start from the current position.
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