Create Your Free Commercial Letting/Business Lease

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Free Commercial Letting/Business Lease

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  2. Email, download or print instantly
  3. Just takes 5 minutes

Commercial Letting/Business Lease

QGLeaseType


Office
Building
Retail
Restaurant
Industrial
Warehouse
Other


Contract Length

Standard
Comprehensive



Property Location

Where is the property located?
England

EnglandBuilt for England
Different countries have different rules and regulations. Your Commercial Letting/Business Lease will be customised for England.


e.g. Street, City, England, Postcode



Frequently Asked Questions
Is this lease suitable for all commercial purposes in England?This commercial lease may not be suitable for charities (as tenant or landlord), agricultural leases or a lease granted under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993. In those cases, you should consult with a local solicitor.

Property Description


If the lease is for a term of 7 years or more, provide a full description of the property being leased (i.e. as detailed as possible) for Land Registry purposes.

Where mines and minerals, timber and trees, stream beds, roads or other physical features are specifically excluded, you should state this in the legal description.

Your lease may be deemed defective or your application may be rejected without a complete description.


Permitted Use

e.g. retail shop, office, storage, restaurant, beauty salon, café, etc.


Competitor Leases



Other Uses



Parking

do not include in the lease
yes
no


Pets

do not include in the lease
yes
landlord's consent
no



Lease Term

fixed term
monthly
yearly

What is the lease term?



Frequently Asked Questions
Retail leases in most states/territories of Australia must be at least 5 years long. If you're unsure how long your lease should be, you can check the applicable legislation of your state or territory. or consult local authorities.

Early Possession



Break Clause



Security of Tenure



Frequently Asked Questions
What is security of tenure?Security of tenure refers to the tenant's right to remain in the property.

The Landlord and Tenant Act 1954 provides that commercial tenants may have security of tenure, or a right to apply for a new tenancy when their lease comes to an end. However, under the same law, parties can also "contract out" of the Act and agree that the tenant will have no security of tenure.

If the parties do not contract out of the Landlord and Tenant Act 1954, special notices (Section 25 Notice or Section 26 Notice) will have to be served by the landlord and/or tenant in order to extend the lease or to oppose the extension.

Assignment

with landlord's consent
no

Note: Unless the particular circumstances of the letting justify greater control, the only restriction on assignment of the whole property should be obtaining the landlord's consent which is not to be unreasonably withheld.


Frequently Asked Questions
What does it mean to assign or sublease?If a tenant assigns the lease with the landlord's consent, all of the tenant's rights are transferred to a third party for the remainder of the lease term.

In contrast, the tenant can sublet their right to use all, or part, of the property to a third party, for all or only a portion of the remaining time in the lease. The original tenant would still retain some rights under the lease.

Type of Rent

gross rent
gross rent plus specified costs
gross rent plus all costs

iconThe tenant will pay a fixed base rent. Additional costs are paid by the landlord.

Rent Details

weekly
biweekly
monthly
yearly

How much is the monthly rent?
£
e.g. 2,000


Rent Payment

first day
fifteenth day
other



Rent Increase



Late Payments




Prepaid Rent



Frequently Asked Questions
What is prepaid rent?Prepaid rent is a payment (or payments) made to the landlord at the outset of the lease that the landlord holds as security for the applicable rent payments.

Prepaid rent is different from a security deposit, which is a payment the landlord holds as security for damages other than rent.

In the next step, you can indicate if the tenant is required to pay a security deposit.

Deposit Details



Frequently Asked Questions
According to the applicable legislation of your state or territory., the maximum amount allowed for a security deposit in a retail lease in England is information that would should check with a local authority.

Utilities and Other Expenses

Who is responsible for paying the following utilities and service charges?


Tenant Pays Direct

Tenant Pays Landlord

Landlord Pays

Do Not Specify

Electricity





Gas





Water





Sewer





Telephone





Internet





Cable TV





Other Expenses







Frequently Asked Questions
How should the different costs be listed?Utilities do not refer to taxes, insurance, maintenance, or other service charges.

All service charges are typically covered by the landlord when the rent is a fixed base rent without any additional costs. If you want to specifically name any service charges in your contract, you will need to add them as other expenses on this page.

Utilities, on the other hand, can be assigned to the landlord or the tenant regardless of the type of lease. You can assign the utilities as you see fit on this page.

Insurance will be specified at a later step.
What is "Tenant Pays Direct" for utilities?The tenant is billed directly and pays this expense directly to the provider of that utility. This expense would be in addition to any amounts paid to the landlord for rent.What is "Tenant Pays Landlord" for utilities?The tenant pays their share to the landlord who then pays the amount to the supplier of that utility. If the tenant doesn't have a separate meter, they just pay their proportionate share of the total cost. This expense would be in addition to any amounts paid to the landlord for rent.What is "Landlord Pays" for utilities?The landlord pays any utility charges to the supplier of the utility and the tenant is not directly responsible for this expense.

Insurance

Who is responsible for obtaining and paying for the following insurance?


Tenant
Pays

Landlord Pays

Both

Landlord's Contents




Leased Property




Occupiers' Liability







Landlord Details

Who is the landlord?

Landlord

Individual
Corporation

e.g. ABC Corporation

e.g. Street, City, Country, Postcode





Frequently Asked Questions
How should I write the company number?For Scottish companies, use a SC prefix, and for limited liability partnerships, use an OC prefix. For foreign companies, give the territory in which incorporated.

Tenant Details

Who is the tenant?

Tenant

Individual
Corporation/Company

e.g. ABC Corporation

e.g. ABC Business Advisors

e.g. Street, City, Country, Postcode





Frequently Asked Questions
What is a trading name?The trading name is the name the tenant’s business uses in its advertising. The tenant will not be allowed to carry on business under any other name.How should I write the company number?For Scottish companies, use a SC prefix, and for limited liability partnerships, use an OC prefix. For foreign companies, give the territory in which incorporated.

Guarantor



Frequently Asked Questions
Who is a guarantor?A guarantor is a person who agrees to pay the landlord directly for any losses should the tenant fail to pay rent or otherwise breach the lease agreement.

A guarantor cannot be one of the tenants.

Landlord Improvements

Landlord gives consent
Specify in a list
Do not include in the lease


Tenant Improvements

Do not include in the lease
Landlord gives consent
Specify in a list


Landlord's Movable Property

Do not include in the lease
Yes
No


Signing Concessions



Miscellaneous

do not include in the lease
yes
no

do not include in the lease
tenant pays
losing party pays


Frequently Asked Questions
Is an inspection report necessary?A Rental Inspection Report is highly recommended in order to protect yourself and your property. Without one, it is difficult to prove damages were done by a tenant.

LawDepot offers a Rental Inspection Report that can be completed after you finish your lease agreement.

Required Notice Before Eviction

How many days' written notice is the landlord required to give before evicting the tenant?How many days' notice are required?While parties of commercial leases are generally allowed to negotiate most of the terms of the contract, including notice periods, it is advisable to consult your local laws to ensure that any minimum notice requirements are met.

For failure to pay rent when due:

days' written notice


For any other lease violations:

days' written notice

Additional Clauses



Frequently Asked Questions
When should I include an additional clause?You should include an additional clause if there are any terms or issues unique to your situation that have not been addressed in the questionnaire.In order to reduce confusion, write your clauses with plain language and limit them to one paragraph in length.

Also, use any predefined terms such as Tenant, Premises, Landlord, etc. in your clauses.

Signing Details

unsure
specify date


Who is signing for the landlord?

e.g. John Walter Adams



Who is signing for the tenant?

e.g. Rebecca Andersen






Your Commercial Letting/Business Lease

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Commercial Letting/Business Lease Page of
Page of

BUSINESS LEASE

THIS LEASE (this "Lease") dated this ________ day of ________________, ________

BETWEEN:

______________________ of _________________________________
Telephone: ______________________  
(the "Landlord")

OF THE FIRST PART


- AND -

______________________ of _________________________________
Telephone: ______________________
(the "Tenant")

OF THE SECOND PART

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows:

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Last Updated December 22, 2024


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