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This document provides a commercial tenancy agreement, or lease, that is suitable for a self-contained commercial property being let with provision for periodic rent reviews - including open market value, index-based or stepped rent arrangements - if required. There is a prohibition on the transfer of the lease without the permission of the landlord but such permission must not be unreasonably withheld. If the lease period is five years or longer the process will, if requested, generate a 'Deed of revocation' which the tenant can be asked to sign to prevent the tenant becoming automatically entitled to a further new tenancy. There is also provision for a guarantor if relevant.
This document provides a lease that is suitable for a self-contained commercial property being let with optional provision for periodic rent reviews including open market value, index-based and stepped rent arrangements. There is a prohibition on the transfer of the lease without the permission of the landlord but such permission must not be unreasonably withheld. If the lease period is five years or longer the process will, if requested, generate a 'Deed of revocation' which the tenant can be asked to sign to prevent the tenant becoming automatically entitled to a further new tenancy. There is also provision for a guarantor if relevant.
Use this document to create a licence to occupy a business premises. A licence might be suitable where giving occupation is merely an act of friendship or generosity, e.g. the occupier will be sharing the premises, for example, by way of a stall or kiosk, or where the arrangement is short-term or temporary. This agreement is used where one person, be it a company, partnership or individual, gives another a personal right to occupy the premises and who is called the 'licencee'. It does not mean, however, that the licensee will have exclusive possession of the premises (exclusive possession would allow the licensee to exclude all others from the premises including the owner). Because this is a licence rather than a lease, landlord and tenant rights under a lease do not apply.
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