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A Guide to Taking a Lease of Commercial Property

Published 26 July 2017


This guide provides a detailed and structured overview of the procedures relating to commercial leases.

Topics of interest include:

  • What is a lease?
  • The lease negotiation
  • Title investigations, searches and enquiries
  • Advisability of a survey
  • Stamp Duty Land Tax
  • Land Registry fees
  • Code of Practice for Commercial Leases
  • Service charges and rent
  • Rights, exceptions and reservations
  • Insurance and repairs
  • Alterations and improvements
  • Assignment and underletting
  • Contracting out of the LTA 1954