Commercial Leases are used specifically for renting out commercial property, which includes offices, restaurants, shops and warehouses.

This Commercial Lease is a legally binding contract between a business tenant and a landlord, it outlines the rights and responsibilities of both the landlord and the tenant during the lease period.

The length of commercial lease agreements can vary significantly, lease agreements can be short-term or long-term and you can usually negotiate this with your landlord. Generally speaking, commercial leases typically last between 5 to 15 years, but could be anything up to 20 years, depending on the needs of your business. Commercial lease agreements can contain a break clause to end the lease early, but it needs to be negotiated between the parties.

This Commercial Lease is a full repairing and insuring (FRI) lease. It also contains a rent review clause which states that the rent review is to open market rent. Rent reviews are usually every 3–5 years. This Lease is consistent with the British Property Federation's Commercial Lease Code 2007. The Code aims to ensure that parties to a lease have easy access to information explaining the commitments they are making in clear English, and to promote efficiency and fairness in landlord and tenant relationships.

This Commercial Lease strikes a fair balance between the interests of landlords and tenants.

This Commercial Lease – Lease of Part is in Microsoft Word format, written in plain English easy to use and edit.