A comprehensive business lease with full provisions,
including break clause, guarantor, and more. Suitable for
offices, factory, workshop, and more. Suitable where your
term is less than seven years and you intend to include
security of tenure
About this document
When to use:
This document is suitable for landlords or tenants. It is usually the landlord who provides the lease; however, tenants gain an advantage by being able to edit in their favour.
This lease agreement has been drafted primarily to protect the interest of the landlord. It is for a tenant to challenge and further negotiate those paragraphs which may not suit his circumstances.
These leases are suitable for:
• A business letting of offices, workshop, factory, shop and others
• Premises which are part of a larger set of buildings, e.g.
• A shop
• A workshop
Neither lease is suitable for:
• A residential letting alone
• Premises that are part of a large, multi-let building
Application
and features
Suitable for a business letting of offices, workshop, factory, shop and others, premises which are part of a larger set of buildings, for example, a shop or a workshop
Not suitable for a residential letting alone or premises that are part of a large, multi-let building
Comprehensive provisions provide ideas for you to mould
Real law in plain English
Explanatory notes to guide you
Contents
Guarantor: essential if tenant is a limited company
Rent: paid monthly in advance, but can be changed to suit you
Payment provisions: all payments the tenant might have to make
Use allowed: including list of prohibited activities
Break clause: that is, premature termination on tenant’s notice
Landlord’s access: to view or show prospective lenders or buyers
Rent review: reviewed 3 yearly, upwards only
Repairs: tenant must maintain in same condition (not better)
Decoration: tenant to decorate in third year and at end of lease period
Insurance: landlord insures, tenant reimburses premium as insurance rent
Transfer of lease: tenant can transfer all premises with consent; no transfer of part only
Sub letting forbidden
Termination: what happens
And many other usual legal clauses to protect your interest
Word
Count (approximate):
Document: 3050
words
Explanatory notes:
1730
words
Draftsman
This document is drawn and maintained by Net Lawman. It is real law in plain English.
