Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Lease Agreement
"I need a lease agreement for a residential property in London, with a 12-month term, monthly rent of £1,500, and a security deposit of £1,500. The tenant is responsible for utilities, and the agreement should include a break clause after 6 months with 2 months' notice."
What is a Lease Agreement?
A Lease Agreement sets out the legal terms between a property owner (landlord) and someone who wants to use that property (tenant). It creates binding rights and obligations for both sides, covering essential details like rent payments, maintenance responsibilities, and how long the tenant can stay.
Under English law, these contracts must spell out specific elements including the property's exact location, payment terms, and any special conditions. While verbal leases can be valid for short periods, written agreements offer much better protection and are required for any lease lasting more than 3 years. Most landlords use them even for shorter terms to avoid disputes and ensure clear expectations.
When should you use a Lease Agreement?
Use a Lease Agreement anytime you plan to rent out property or take on a tenancy in England & Wales. This applies to residential lettings, commercial spaces, equipment rentals, and even short-term holiday lets. The agreement becomes especially important when dealing with high-value properties or complex arrangements involving multiple tenants.
Many landlords need these agreements to secure buy-to-let mortgages or insurance coverage. They're also essential for protecting both parties during repairs, disputes, or tenant changes. Property management companies and commercial landlords typically require signed Lease Agreements before handing over any keys or allowing occupancy to begin.
What are the different types of Lease Agreement?
- Commercial Land Lease Agreement: For leasing undeveloped land or agricultural property, with specific terms for land use and development rights
- Lease With Option To Purchase: Combines rental terms with a future buying option, popular in rent-to-own arrangements
- Simple Rental Contract: Basic agreement for straightforward residential lettings with standard terms
- Storage Lease Agreement: Specialized for renting storage units or warehouse space
- Month To Month Apartment Lease: Flexible arrangement allowing either party to end tenancy with proper notice
Who should typically use a Lease Agreement?
- Property Owners/Landlords: Create and enforce Lease Agreements to protect their property interests and ensure steady rental income
- Tenants: Sign and comply with lease terms, gaining legal rights to occupy and use the property
- Letting Agents: Draft and manage agreements on behalf of landlords, handle tenant screening and property management
- Solicitors: Review and customize lease terms, especially for commercial properties or complex arrangements
- Property Management Companies: Oversee multiple leases and handle day-to-day tenant relations
- Commercial Estate Agents: Negotiate and arrange leases for business premises and retail spaces
How do you write a Lease Agreement?
- Property Details: Gather complete address, property description, and any included fixtures or fittings
- Party Information: Collect full legal names, contact details, and addresses for all landlords and tenants
- Lease Terms: Decide on length of tenancy, rent amount, payment schedule, and deposit arrangements
- Special Conditions: Note any specific requirements about pets, maintenance, or property modifications
- Legal Requirements: Check current regulations on deposits, safety certificates, and right-to-rent checks
- Documentation: Prepare property inventory, safety certificates, and energy performance certificate
- Template Selection: Use our platform to generate a legally-sound agreement that includes all mandatory elements
What should be included in a Lease Agreement?
- Party Details: Full legal names and addresses of landlord and tenant(s), including company details if applicable
- Property Description: Precise address and detailed description of the leased premises and any included facilities
- Term and Rent: Clear start/end dates, rent amount, payment schedule, and deposit protection scheme details
- Permitted Use: Specific allowable activities and any restrictions on property use
- Maintenance Terms: Responsibilities for repairs, improvements, and general upkeep
- Termination Rights: Notice periods and conditions for ending the lease
- Insurance Requirements: Required coverage and responsibility for premiums
- Signatures: Dated signatures of all parties, with witness requirements for leases over 3 years
What's the difference between a Lease Agreement and an Equipment Lease Agreement?
A Lease Agreement differs significantly from a Sublease Agreement in several key aspects. While both deal with property rights, their legal structure and applications serve different purposes under English law.
- Primary Relationship: Lease Agreements establish a direct relationship between property owner and tenant, while Sublease Agreements involve an existing tenant granting occupation rights to a third party
- Legal Authority: Original landlords maintain full property rights under a Lease Agreement, but in subleases, the original tenant acts as an intermediate landlord
- Liability Chain: In a Lease Agreement, the tenant answers directly to the landlord. With subleases, the original tenant remains liable to the landlord while taking on landlord responsibilities to the subtenant
- Consent Requirements: Lease Agreements need only the landlord and tenant's agreement, but subleases typically require the original landlord's written permission
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.