Commercial Leases · glossary
The document by which a landlord lets premises to a tenant for a fixed term in return for rent. Linnet's lease is for ten years. It opens with the prescribed clauses and the Particulars, has fifteen clauses and five schedules, and is signed as a deed in two parts. The Lease · Chapter 1 · see Term, Lease of part
Explained in Chapter 1, What a Lease Is, of Commercial Leases.
When a landlord lets one floor and keeps the rest of the building, it grants a lease of part. The lease must draw a clear line between what the tenant takes and what the landlord keeps. That line decides who repairs what, and who pays.Read Chapter 1, What a Lease Is →
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