Description and usage
Commercial Lease of Office Building This lease is designed for the letting of a whole building for commercial office purposes for 7 years or longer. This thirty page document template contains 19 clauses covering: - land registry clauses
- principal terms
- interpreting this lease
- rights
- rent, interest and other payments
- rent review
- repair and decoration
- alterations and additions
- using the premises
- signage
- legal obligations
- planning
- protecting the landlord’s interests
- letting others use the premises
- assignment and subletting
- insurance and fire precautions
- the end of this lease
- guarantee
- exclusion of Sections 24 – 28 of the 1954 Landlord and Tenant Act
The lease is designed for use in England and is in a form suitable for registration at the Land Registry. A form of application for consent to make alterations is included. You need this document if you are entering into the lease of a commercial property in its entirety for seven years or longer. For a commercial lease under seven years, please see our document P106. What's in it? - See detailed Explanatory Notes below
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