Powered by Lexis+®
Jurisdiction(s):
United Kingdom

UK Commercial Property: A Lawyer’s Overview of Uses, Occupation, Investment, Due Diligence, Asset Management and FRI Leases

Practice notes
imgtext

Introduction

This Introductory Guide forms part of the Lexis+® UK series of Property Introductory Guides. The series is intended to equip apprentices, paralegals and others with an appreciation of the transactions typically handled by a property lawyer, together with the legal framework in which those transactions are undertaken. This Guide focuses on Commercial Property. Other titles in the series include:

  • Introductory Guide to Land Law
  • Introductory Guide to Property Development
  • Introductory Guide to Property Finance
  • Introductory Guide to Property Taxes
  • Introductory Guide to Residential Property

Each Guide is accompanied by a Glossary of Property Terms. This offers definitions and, where appropriate, explanations of many of the words and phrases that make up the everyday terminology used by property practitioners. Terms shown in bold in this Guide are defined in the Glossary.

Contents

  • What is commercial property?
  • Who occupies commercial property?
  • Who owns commercial property?
  • Ways of investing in commercial property
  • Who invests in commercial property?
  • What does a commercial property lawyer do?
  • The role of the ‘FRI lease’
  • Further reading...
To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.
Web page updated on 22/05/2026

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow