The Simple Shop Rental Agreement is a standardized commercial lease document used in England and Wales for letting retail premises. It provides a comprehensive framework for both landlords and tenants, covering essential elements such as rent, maintenance, insurance, and permitted use of the property. This agreement is particularly suitable for smaller retail units and straightforward commercial arrangements, offering protection for both parties while ensuring compliance with relevant property legislation. It's designed to be more accessible than complex commercial leases while maintaining legal enforceability.
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1. Parties: Identification and details of landlord and tenant
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement
4. Demise: Description of premises being let
5. Term: Duration of the lease
6. Rent: Payment terms and review provisions
7. Tenant Covenants: Tenant's obligations under the lease
8. Landlord Covenants: Landlord's obligations under the lease
9. Insurance: Insurance obligations and requirements
1. Break Clause: Early termination provisions - include when parties want flexibility to end the lease early
2. Service Charges: Additional charges for building maintenance - include for multi-let buildings or shopping centers
3. Alterations: Provisions for modifications to the premises - include when tenant may need to make changes to the property
1. Schedule 1: Property Plan: Detailed plan showing the leased premises
2. Schedule 2: Inventory: List of fixtures and fittings included in the lease
3. Schedule 3: Service Charge Items: Breakdown of service charge components if applicable
4. Schedule 4: Permitted Use: Detailed description of allowed business activities
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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