Lease agreement

About this lease

This lease is for a pub or restaurant with a flat over. The premises may be in an urban shop frontage, a stand-alone site or away in the country.

The lease is drawn for maximum protection of landlord’s interests. It is very thorough with many simple options where choices are possible.

Where relevant, the lease includes matters relating to licences and the Licensing Act 1872.

The lease has been drawn to prefer the interest of the landlord rather than the tenant.

The law relating to this lease

The lease is regulated by the Landlord and Tenant Act 1980 and not the Residential Tenancy Act 2004. The agreement includes an extensive menu of tenants' covenants to protect every aspect of the landlord's interest.

Document contents

This lease agreement is comprehensive, providing alternative choices for important decisions.

The contents include 27 provisions and 2 schedules covering:

• rent: period, amount, other payments, interest on overdue rent, periodic review;
• condition and repair;
• tenant's positive obligations;
• tenant's obligations for residential space;
• service charge recovery;
• restrictions on tenant: prohibited activities on the property;
• signs and advertisements;
• 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