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Compatible region(s): England & Wales

Medium term lease of commercial premises with rent review

This lease is suitable for a self-contained property located in the UK that will be let for between 7 and 20 years (for properties in England and Wales) or between 5 and 20 years (for properties in Scotland and Northern Ireland).

It can be drafted for a maximum of 2 landlords and 2 tenants, who can be individuals (or sole traders), limited companies, business partnerships or limited liability partnerships.

The lease contains a rent review, an optional break clause and standard obligations from the tenant, such as paying the rent, bills and taxes associated with the property, not transferring the lease without your permission and indemnifying you from various costs. For properties in England and Wales, there is an option to exclude the tenant's right to renew the lease, and the document contains the required notice to send to the tenant.

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Medium term lease of commercial premises with rent review (Guidance Notes)