A commercial lease is an agreement between a landlord and a business for the rental of a property. It allows a business to use a property for commercial purposes, and it sets out the rights and obligations of the landlord and tenant.
Rent out a whole building to a business using this commercial lease template. This full repairing and insuring (FRI) lease helps to regulate the relationship between landlord and tenant for up to a maximum of 3 years.
Clearly set out the terms of the lease and the tenant's obligations including repairing and maintaining the building using this FRI lease. This lease allows for assignment and subletting of the whole premises and allows for the exclusion of security of tenure. It also allows the tenant or landlord or both to break the lease within an agreed time period.
For use in England and Wales only.