Lease of whole (retail)

This lease is a fully repairing and insuring lease of the whole of retail premises, including provisions for a guarantee of the tenant's obligations, and an open market rent review clause. It is intended to be used on the grant of a self-contained shop not forming part of a parade or centre. Hence, there are no service charge provisions. Where appropriate, provisions are included to deal with energy efficiency regulations.

It is drafted on the assumption that the landlord's solicitor will have been responsible for the drafting of the lease. It is therefore intended to be biased in favour of the landlord, although not unreasonably so.

The lease includes the Land Registry prescribed clauses.

For drafting notes on the main body of Property PSL leases, and for drafting notes relating to the alienation provisions, the guarantee provisions, the insurance clauses, and the rent review clauses included in all Property PSL leases, see the Property PSL lease of whole (office).

The drafting notes should be read before using this lease.