Rent a commercial property

About this business activity

Some businesses may want to rent a commercial property for more space, a prime location, or a long-term lease.

License Permitting Commercial Underlet Of Part Of Property

A licence that allows a tenant of commercial property to sublet part of the property that is included in its lease. The tenant's lease may be either an "old" or a "new" lease for the purposes of the Landlord and Tenant (Covenants) Act 1995. The sublease will be a new lease for the purposes of that Act.

What to watch out for

  • The tenant's lease may be either an "old" or a "new" lease for the purposes of the Landlord and Tenant (Covenants) Act 1995.
  • The underlease will be a new lease for the purposes of that Act.
  • Contract template sketch
    5
    8
    1

    Rent Suspension or Reduction Agreement Letter (Covid-19 Concession)

    This document is a letter from a landlord to a tenant that temporarily suspends or reduces the rent (and on account payments of service charge) due under the lease. It is not intended to permanently vary the lease, but rather to provide relief during the 2019 novel coronavirus disease (COVID-19) pandemic. The letter includes an optional waiver of any keep open covenant.

    What to watch out for

  • The letter should be from the landlord to the tenant
  • The letter should record the landlord's agreement to suspend or reduce the rent
  • The letter should be a temporary waiver; not to permanently vary the lease
  • The letter should include an optional waiver of any keep open covenant
  • Contract template sketch
    2
    10
    3

    Section 27 Notice (Business Lease Termination)

    A tenant who has a business lease has the legal right to have their lease renewed under the Landlord and Tenant Act 1954.

    What to watch out for

  • The tenant's right to a lease renewal under the LTA 1954
  • The notice period required by the tenant
  • The landlord's response to the tenant's notice
  • Contract template sketch
    2
    5
    0

    Rent Deposit Deed

    This is a rent deposit deed where the deposit is held by the landlord, but it remains the property of the tenant and is charged to the landlord. This is assuming that both the landlord and tenant are corporate entities and that the rent deposit deed is supplemental to a "new" lease for the purposes of the Landlord and Tenant (Covenants) Act 1995.

    What to watch out for

  • That the deposit is held by the landlord
  • That, subject to the terms of the deed, it remains the property of the tenant
  • That it is charged to the landlord
  • That both the landlord and tenant are assumed to be corporate entities
  • That the rent deposit deed is assumed to be supplemental to a "new" lease for the purposes of the Landlord and Tenant (Covenants) Act 1995.
  • Contract template sketch
    2
    2
    1

    Notice of Assignment (or Transfer)

    A notice to a landlord of the assignment or transfer of a lease.

    What to watch out for

  • That the notice is given by the tenant
  • That the notice is given in writing
  • That the notice is given to the landlord
  • That the notice is given at least 30 days before the assignment or transfer is to take place
  • Contract template sketch
    2
    6
    0

    Deed of Surrender (Lease)

    A deed of surrender is a legal document in which a tenant gives up their rights to a property, including any release provisions.

    What to watch out for

  • The deed of surrender should be clear and unambiguous, and should accurately reflect the terms of the lease agreement.
  • The deed should be signed by both the landlord and the tenant, and should be witnessed by an independent third party.
  • The deed should be registered with the relevant authority, if required by law.
  • The deed should include provisions for the release of the tenant from any further obligations under the lease agreement.
  • Contract template sketch
    0
    1
    0

    Rent Authority Letter (Commercial Property)

    A letter from the owner of a commercial property to a tenant, directing the tenant to pay future sums due under the lease to the new owner of the property.

    What to watch out for

  • That the letter is on the letterhead of the seller of the commercial property
  • The date of the letter
  • The name and address of the tenant to whom the letter is addressed
  • That the letter states that the tenant is to pay future sums due under the lease to the new owner of the property
  • Contract template sketch
    0
    2
    0

    License to Occupy (for Mutuals & Cooperatives)

    This document is taken from the gov.uk website, and comes with the following explanation: where a new mutual is to make use of property belonging to the Local Authority, the latter may transfer the freehold under the Transfer Agreement, or may allow the mutual to occupy the property under a lease or a licence.

    This template assumes that the Local Authority will provide two properties for use by the mutual, one under a Lease and the other under a Licence to Occupy.  The decision on whether a Lease or Licence to Occupy is appropriate needs to be considered on a case-by-case basis with legal advice.

    This document is a template Licence to Occupy to be granted by the Local Authority to the mutual.  This form of agreement is only appropriate where the mutual will not have exclusive possession of the property.

    It contains the necessary provisions to protect both owner (Local Authority) and occupier (mutual organisation).

    This template has been prepared to provide general guidance and information to organisations considering or undertaking mutualisation. It is  intended to be a starting point only and should not be considered a finalised legal document or as constituting legal advice. It is the responsibility of your organisation to seek legal advice and to ensure that the document is reviewed and signed off by your legal team.

    The template contains a breakdown of drafting assumptions which highlight areas where additional drafting and legal advice may be required. Additional drafting is not limited to these areas and you should seek further legal guidance where you deem necessary.

    Whilst we have endeavoured to ensure that the information in the template is correct, no warranty, express or implied, is given as to the templates accuracy, timeliness, completeness or fitness for a particular purpose and we do not accept any liability for errors or omissions.  Neither the Department for Digital, Culture, Media and Sport, nor Bates Wells Braithwaite shall be liable to you or anyone else for any decisions made or action taken in reliance on this document, or for any damage arising from its use.

    Contract template sketch
    0
    6
    2

    Commercial Lease (for Mutuals & Cooperatives)

    This template has been prepared to provide general guidance and information to organisations considering or undertaking mutualisation. Use this agreement to protect both landlord (Local Authority) and tenant (mutual organisation or cooperatives). Examples of provisions covered are: Obligations on the tenant to keep the property in repair, obligations on the landlord to provide certain building services for the Property (e.g. to repair the structure of the building), rights for the landlord to end the tenancy in the case of the tenant's breach, rights for the tenant to use the property for the provision of services.

    Contract template sketch
    0
    13
    0

    Relevant Contract Types

    🏢 Commercial Lease

    A commercial lease is a contract between a landlord and tenant for the use of commercial property. The lease sets out the terms and conditions of the tenancy, including the length of the lease, the amount of rent and any other charges, the landlord's and tenant's responsibilities, and any restrictions on the use of the property.

    🏪 Licence To Occupy

    A licence to occupy is an agreement between a landowner and a tenant that gives the tenant the right to live in or use a property for a specific purpose. The agreement is typically made in writing and sets out the terms of the arrangement, including the length of the agreement and the amount of rent to be paid. The agreement may also include other terms and conditions, such as the tenant's obligations to maintain the property and to comply with the landlord's rules and regulations.

    Thank you!

    What happens now?
    Check your email inbox now! Most people receive an invite link from us instantly, so you are only a click away from full access 💥
    Didn’t receive an email?
    If you don’t have an invite link sat in your inbox (and you‘ve refreshed that page a couple of times), then you fall into the group of of people I like to personally welcome in to the Genie Community 👋.

    Please book in 30 minutes with me using this link
    https://calendly.com/rafie/30-min-call

    If you don’t want to book a call in now, no problem. I’ll be in touch over the next few days
    Small Avatar - Rafie Faruq 150 x 150 pixels
    Rafie Faruq
    Chief Executive Officer
    Oops! Something went wrong while submitting the form.

    Legal firms who may be able to help

    Find legal help for

    Rent a commercial property

    . If we don't have a template for you to use yet, we will refer you to legal help instead.

    Note: Although we list lawyers who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

    Gotelee Solicitors - Framlingham

    Gotelee Solicitors - Framlingham

    Corporate law firm

    01728 727005

    Administration

    Data Protection

    Financial services

    IP

    Investment

    Barnes Marsland Solicitors

    Barnes Marsland Solicitors

    Corporate law firm

    01843 861595

    Administration

    Data Protection

    Financial services

    IP

    Investment

    Certus Solicitors LLP

    Certus Solicitors LLP

    Corporate law firm

    01274 722199

    Administration

    Data Protection

    Financial services

    IP

    Investment

    Featured templates

    Advisor Agreement (Payment Via Share Options)

    Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.

    Read More
    Contract template sketch
    12
    145
    6

    Consultancy Agreement - Company appointing an individual consultant (not using a personal service company)

    This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.

    Read More
    Contract template sketch
    9
    118
    12

    Intellectual Property Assignment (for founders to assign IP to company)

    This IP Agreement is designed for an individual to assign IP to a company e.g. a founder is starting a company and needs to vest the IP into that company

    Read More
    Contract template sketch
    4
    25
    1

    Do you need a lawyer?

    We have 150+ legal templates for businesses like yours to use for FREE

    find out more

    Browse by:

    Business categories

    Business activities

    SEE ALL
    SEE LESS

    Contract types

    SEE ALL
    SEE LESS