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Company Lease Agreement

Company Lease Agreement Template for England and Wales

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Key Requirements PROMPT example:

Company Lease Agreement

"Need a Company Lease Agreement for a tech startup taking a 5-year lease of two floors in a Grade A office building in Manchester city centre, with break clause option after 3 years, starting March 2025, including specific provisions for IT infrastructure installations."

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Document background
The Company Lease Agreement is essential for businesses seeking to establish their operations in leased premises within England and Wales. This document is used when a company needs to secure commercial space for its business activities, whether for office, retail, industrial, or other commercial purposes. It provides comprehensive coverage of all aspects of the landlord-tenant relationship, including financial obligations, maintenance responsibilities, and operational parameters. The agreement must comply with relevant legislation, particularly the Landlord and Tenant Act 1954, and can be tailored to specific commercial requirements while maintaining legal enforceability.
Suggested Sections

1. Parties: Identification and details of the landlord and tenant companies

2. Background: Context of the lease and property description

3. Definitions: Key terms used throughout the lease

4. Demise: The actual grant of the lease and term length

5. Rent and Payment Terms: Rent amount, payment dates, and review provisions

6. Tenant Covenants: Tenant's obligations including repair, maintenance, and use

7. Landlord Covenants: Landlord's obligations including quiet enjoyment

8. Insurance Provisions: Insurance obligations and requirements

9. Termination Rights: Circumstances allowing early termination

Optional Sections

1. Break Clause: Optional right to terminate early - used when parties want flexibility to end lease early

2. Service Charge Provisions: Details of service charge calculation and payment - used for multi-let buildings or estates

3. Alienation Provisions: Rights to assign or sublet - used when transfer rights are to be granted

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased premises including plans

2. Schedule 2 - Rights Granted: Specific rights granted to tenant (access, utilities etc.)

3. Schedule 3 - Rights Reserved: Rights retained by landlord

4. Schedule 4 - Service Charge: Detailed service charge calculations and included services

5. Schedule 5 - Rent Review: Detailed rent review provisions and procedures

6. Schedule 6 - Condition Schedule: Schedule of condition if relevant to repairing obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions







































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Relevant Industries
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Industries

Landlord and Tenant Act 1954: Core legislation governing business tenancies in England and Wales, particularly Part II which deals with security of tenure for business tenants

Law of Property Act 1925: Fundamental property law legislation that governs real property in England and Wales, including leasehold interests

Landlord and Tenant (Covenants) Act 1995: Governs the enforcement of covenants in commercial leases and the release of tenants on assignment

Law of Property (Miscellaneous Provisions) Act 1989: Sets out formal requirements for contracts relating to land, particularly Section 2 regarding written documentation

Rent Act 1977: Legislation governing rental properties and rent regulation in England and Wales

Landlord and Tenant Act 1985: Covers landlords' obligations regarding repairs, maintenance and safety in leased properties

Landlord and Tenant Act 1988: Regulates the relationship between landlords and tenants, particularly regarding consent to assignments and subletting

Defective Premises Act 1972: Imposes duties on landlords regarding the state of leased premises and liability for defects

Health and Safety at Work Act 1974: Sets out obligations regarding workplace safety, relevant for commercial premises

Energy Performance of Buildings Regulations 2012: Requirements for energy performance certificates and minimum energy efficiency standards in commercial properties

Regulatory Reform (Fire Safety) Order 2005: Specifies fire safety requirements and responsibilities in commercial premises

Companies Act 2006: Relevant for company execution of lease documents and corporate governance requirements

Environmental Protection Act 1990: Environmental obligations and responsibilities for commercial properties

Equality Act 2010: Ensures non-discrimination in property letting and requires reasonable adjustments for disabled persons

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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