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sive venellae praedictae & abbuttantem super gardinum ibidem tunc vel nuper praeantea in occupacione Willelmi Sellers versus orientem & super vnum aliud gardinum ibidem tunc vel nuper praeantea in tenura Johannis Burgram sadler versus occidentem & super venellam ibidem vocatam Mayden lane versus austrum cum omnibus domibus aedificijs structuris vijs easiamentis commoditatibus & pertinentiis ultimis recitatis praemissis seu alicui parti vel parcellae inde spectantibus seu aliquo modo pertinentibus simul cum libero ingressu egressu & regressu & passagio per & trans praedictam viam sive venellam iacentem & existentem inter praemissa praedicta.'

The lease was granted for a term of thirty-one years from Christmas 1598 to Christmas 1629, and conveyed the property in two equal moieties, the one to Cuthbert and Richard Burbadge and the other to William Shakespeare, Augustine Phillips, Thomas Pope, John Heminges, and William Kempe. With the exception of Cuthbert Burbadge these were all members of the Chamberlain's company. Each moiety was charged with a ground-rent of £7 5s. There is nothing to show how the funds for building were found. 'Wee', said the Burbadges in 1635, 'at like expence built the Globe, with more summes of money taken up at interest, which lay heavy on us many yeeres; and to ourselves wee joyned those deserveing men, Shakspere, Hemings, Condall, Philips, and others, partners in the profittes of that they call the House, but makeing the leases for twenty-one yeeres hath beene the destruction of ourselves and others, for they dyeing at the expiration of three or four yeeres of their lease, the subsequent yeeres became dissolved to strangers, as by marrying with their widdowes and the like by their children.' This is, however, not a strictly accurate account of what took place in 1599, for Condell was not one of the original 'housekeepers', and the original lease was for thirty-one, not twenty-one, years. In any case, the Burbadges contributed the woodwork of the Theatre.

Between the execution of the lease and the completion of the play-house, Shakespeare and his four fellows assigned their moiety to William Levison and Thomas Savage, who 'reassigned to euerye of them seuerally a fift parte of the said moitie', so that after the building each of the five had a 'ioynt tenancie' with the other four in a moiety of the ground and galleries, and was also 'tenant in common' during the term of the lease. Professor Wallace explains that 'the purpose of a joint-tenancy was to prevent the breaking up and scattering of an estate into fractions by keeping