For use in England and Wales only.
Rent out a whole building to a business using this commercial lease. This full repairing and insuring (FRI) lease helps to regulate the relationship between landlord and tenant up to a maximum of three 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 exclusion of security of tenure. It also allows the tenant or landlord or both to break the lease within an agreed time period.