New starter guide—entering into new commercial leases
New starter guide—entering into new commercial leases

The following Property practice note provides comprehensive and up to date legal information covering:

  • New starter guide—entering into new commercial leases
  • What is a commercial lease?
  • A reminder of the difference between leases and licences
  • Leases
  • Licences
  • Short-term and temporary lettings
  • Heads of terms
  • Drafting the lease
  • Full repairing and insuring leases—the clear lease
  • Key lease terms
  • More...

Coronavirus (COVID-19): This Practice Note contains guidance on subjects potentially impacted by the government’s response to the COVID–19 outbreak. For updates on key developments and related practical guidance on the implications for lawyers, see Practice Note: Coronavirus (COVID-19)—implications for property.

This Practice Note is a new starter guide which sets out the key considerations, terms, and stages of the grant of a new business lease. This new starter guide provides an introduction and toolkit for entering into commercial leases and is a helpful starting point for trainee solicitors and those who are new to Property as a practice area. It focuses on the key issues that arise and includes links to other LexisNexis® sources and materials which provide more comprehensive information on the issues covered.

Where something is not covered in this guide, use the Topics tab or Topics dropdown menu to browse further practice area content.

What is a commercial lease?

A commercial lease generally refers to a written agreement which not only creates a tenancy of business premises, but also sets out the often detailed and extensive provisions which will govern the relationship between the landlord and the tenant.

This Practice Note outlines some of the issues to be considered when advising on a new commercial lease for a fixed term of a reasonable length where the tenant will be assuming a significant level of responsibility for the premises.

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