Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Negotiating insurance clauses in commercial leases (England and Wales): FRI leases, insured/uninsured risks, rent suspension, reinstatement, termination rights, loss of rent, service charge, premiums and commissions

Published by a LexisNexis Property expert

Practice notes

Negotiation Guide

This Negotiation Guide sits within the Practical Lease negotiation collection. See also Practice Note: New starter guide—entering into new commercial leases. It examines the core components of an insurance clause intended for a commercial property lease. Such a clause defines the respective obligations and liabilities of Landlord and Tenant concerning insurance of the property, including:

who arranges the buildings insurance,
the scope of what is insured,
who bears the cost, and
which risks are covered.

It also allocates risk and responsibility if the property is damaged or destroyed by an insured, or an uninsured, risk. This Negotiation Guide focuses on the usual position that the landlord insures, which is standard in a commercial rack rent lease. Even where the tenant takes a lease of whole, the landlord typically seeks to protect the capital value of its asset (freehold or long lease) with sufficient insurance. Landlords are unlikely to rely on a tenant’s covenant to insure, as the consequences of non-compliance could, potentially, include the loss of the asset. If a strong tenant takes a long...

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Web page updated on 21/05/2026

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