Short term lease of commercial premises with no rent review
About this service
Use this agreement if you own a commercial property in the UK and you're granting a short-term tenancy. This means no more than 7 years for properties in England and Wales, 20 years for properties in Scotland, or 21 years for properties in Northern Ireland.
The lease is only appropriate for a self-contained building and shouldn't be used where there are shared facilities or if you intend to increase the rent during the term. 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.
For properties in England or Wales:
- The property must have an Energy Performance Certificate (EPC) with a rating of E or better.
- There is an option to exclude the tenant's right to renew the lease; the required notice to send to the tenant is included.
For properties in Northern Ireland, if the proposed term is for 5 years or more, we recommend that you use our Medium term lease of commercial premises with rent review.
This product is suitable for use in: England Wales
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