Use this agreement if you own a commercial property in the UK and you're granting a short-term tenancy of no more than 7 years for properties in England and Wales, 20 years for properties in Scotland and 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. 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 and Wales, there is an option to exclude the tenant's right to renew the lease, and the document contains the required notice to send to the tenant.
This document should only be used if the rent is fixed and intended to stay the same throughout the term. If the tenant doesn't pay the rent, you can end the lease.
For commercial 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', as it contains a rent review clause.