About This Template
This Commercial Lease Agreement template has been professionally drafted to help landlords and tenants establish clear terms for the leasing of business properties. It provides a comprehensive framework for documenting all important aspects of a commercial tenancy.
When To Use This Template
Use this template when you need to create a lease agreement for a commercial property. This can be particularly useful for:
- Retail spaces in shopping centres or high streets
- Office spaces in commercial buildings
- Industrial units or warehouses
- Restaurant or food & beverage premises
- Mixed-use commercial properties
What's Included
- Details of landlord and tenant
- Property description and permitted use
- Lease term, commencement date, and renewal options
- Rent amount, payment schedule, and review provisions
- Security deposit requirements
- Service charges and additional costs
- Maintenance and repair responsibilities
- Alterations and improvements provisions
- Insurance requirements
- Assignment and subletting provisions
- Default and remedies
- Termination conditions
- Landlord's and tenant's covenants
How To Use This Template
Download the template in your preferred format (PDF or Word). For customisation, use the Word version and fill in all required information. Alternatively, use our online customisation tool before downloading to create a personalised version.
This document should be completed by both the landlord and tenant, ideally with the assistance of property solicitors. Once completed, both parties should sign the agreement, and it's recommended to have the signatures witnessed.
For leases longer than 7 years in England and Wales, the lease must be registered with HM Land Registry.
Legal Considerations
This template is designed to comply with current property legislation, but laws vary by location and change over time. We recommend reviewing the document to ensure it meets your specific needs and complies with local regulations.
Key legal considerations include:
- Security of tenure provisions under the Landlord and Tenant Act 1954
- Rent review mechanisms and frequency
- Repairing obligations and dilapidations
- Break clauses and notice periods
- VAT treatment of commercial property
- Energy Performance Certificate (EPC) requirements
- Compliance with planning and building regulations