Description and usage
Commercial Lease of Business Premises (over 7 years) This template form of commercial lease is designed for self-contained premises in a building used for office or other commercial purposes. The lease contains 15 clauses plus schedules dealing with the rights and obligations of the landlord and tenant, including: - definitions
- grant of lease
- rent and other payments
- tenant’s obligations
- landlord’s obligations
- alterations
- rent review
- termination
- rent suspension
- expiry of lease
- assignment and subletting
- governing law and disputes
- notices
- statutory matters
It includes the documents and wording required under the latest regulations to exclude the security of tenure provisions of the Landlord & Tenant Act 1954. It also contains details needed in leases which have to be registered at H.M. Land Registry, which applies to leases of more than 7 years. (For a lease of 7 years or less, which is not being registered at HM Land Registry see our Document P106). What's in it? - See detailed Explanatory Notes below
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