The Short Form Lease Agreement is typically used for uncomplicated commercial letting arrangements where a full-length lease would be unnecessarily complex. It's particularly suitable for shorter-term leases, smaller premises, or where parties prefer a more streamlined approach. While shorter than a standard commercial lease, it still includes all legally required elements under English and Welsh law, such as parties' details, property description, term length, rent provisions, and key covenants. This document strikes a balance between legal comprehensiveness and practical simplicity.
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1. Parties: Identification and details of landlord and tenant
2. Background: Context and purpose of the lease
3. Definitions: Key terms used throughout the lease
4. Demise: Description of property being leased and its extent
5. Term: Duration of lease and commencement date
6. Rent: Rent amount, payment terms and review provisions
7. Tenant Covenants: Tenant's obligations under the lease including repair, maintenance, and use restrictions
8. Landlord Covenants: Landlord's obligations under the lease including quiet enjoyment and insurance
9. Insurance: Insurance obligations and requirements for both parties
1. Break Clause: Optional provisions for early termination of the lease by either party
2. Service Charge: Provisions for additional charges for services in multi-let properties
3. Alterations: Terms governing tenant's rights to make changes to the property
4. Assignment and Underletting: Provisions regarding transfer rights and subletting permissions
1. Property Plan: Detailed plan showing the extent of the leased premises
2. State of Repair Schedule: Schedule documenting the condition of property at lease commencement
3. Rights Granted: Schedule of specific rights granted to tenant over common parts or retained land
4. Rights Reserved: Schedule of rights retained by landlord over the leased premises
5. Service Charge Schedule: Detailed breakdown of service charge items and calculations where applicable
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