Commercial Leases · glossary
The day from which the Annual Rent is first payable: 2 February 2027, three months after the lease began. The first £5,000 instalment falls on it. Before it Linnet pays no Annual Rent, but the service charge and the insurance rent run from the date of the lease. Particulars: Rent Commencement Date · Chapter 3 · see Rent-free period, Annual rent
Explained in Chapter 3, Rent, Rent-Free and VAT, of Commercial Leases.
The lease never uses the word “rent-free”. It does the job with a date, the Rent Commencement Date, from which the rent is first payable. That date is three months after the lease began.Read Chapter 3, Rent, Rent-Free and VAT →
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