Commercial Lease of Business Premises (over 7 years) (P107)

Who can use this commercial lease?

This  form of commercial lease is designed for self-contained premises in a building used for office or other commercial purposes.

What detailed terms does it contain?

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 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).

For more information on each of these sections, see our Explanatory Notes which you will  receive when you download the document from our website.

When I download the document, can I change it and/or use it more than once?

Yes, all ContractStore’s templates are in MS Word and you can use the document on more than one project. For more information, watch the video on this page of our website or see our FAQs

Legal support

ContractStore supplies templates and is not a law firm.  But all our templates are written by experienced lawyers so we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template.  For more information see our Legal Services page.

And if you want to contact us see our Contacts page.

If you have any questions about a contract and/or want to see these notes before you buy, please let us know by using our contact form