Business lease
Key features
- Length:27 pages (6820 words)
- Available in:
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About this land lease
This document allows a landlord to let a plot of land that may or may not include buildings or items of plant and machinery. The land could be used for any purpose, from plant or equipment storage, to a scrap yard, to a garden centre, to a car park. The agreement allows for existing buildings or items of plant to be included within the lease.
The document has been drawn to help protect the landlord's interests as greatly as possible.
Similar lease agreements
We offer a tailored version of this lease for letting a car park lease agreement. See: Car park lease agreement.
Key features
Plain English is used throughout except where it is necessary to use legal terms common in this field of law.
The key features of this agreement can be summarised as:
- term of 5 years or under (often called a short term lease)
- standard guarantor
- options for transfer or assignment to another party
- sub-letting forbidden
- option to include a break clause for premature termination by the tenant
- a choice of options for rent reviews
This document has been drawn so as to make it applicable to the vast majority of leasing scenarios without making it difficult to edit.
The law in this landlease
This lease is regulated primarily by:
- the Landlord and Tenant Acts 1860-2005;
- in particular the Landlord and Tenant (Amendment) Act 1980; and
- the Landlord and Tenant (Amendment) Act 1994
In balancing the codes with the law and the interest of the Landlord, we have followed the codes where reasonable, but have preferred the interest of the Landlord where there may be a difference.
Land lease contents
This template is comprehensive, providing alternative choices for important decisions.
The contents include 25 provisions and 2 schedules covering:
- rent: amount, other payments, interest on overdue rent, periodic review
- condition and repair
- tenant's positive obligations
- restrictions on tenant: prohibited activities on the property
- signs and advertisements
- goods and vehicles
- assignment of the lease
- indemnities by the tenant
- security deposit
- insurance
- access for landlord
- guarantor
- termination: default notice by landlord; provision for premature termination (a break clause)
- forfeiture
- Schedule 1: rights reserved
- Schedule 2: draft agreement for a security deposit agreement
Recent reviews
The lease was like picking up an old favourite novel and understanding everything from the first turn of the page. So easy to read and complete, what a joy and your site was recommended to me by another colleague.
Hope this brings a smile to your face knowing you are making business life easy for people and furthermore the price was just as pleasing.
Regards,
Eileen L
Introsports Limited.
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