Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Business premises definition

What does Business premises mean? In practice, business premises are the place or places from which a trader operates, whether a fixed site (for example, a shop or office) or a mobile site (such as a market stall or vehicle) used in the trader’s normal course of business. In consumer protection law this term is defined. In the UK (Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013) and in Ireland (European Union (Consumer Information, Cancellation and Other Rights) Regulations 2013), a trader’s business premises means: - immovable retail premises where the activity of the trader is carried out on a permanent basis; or - movable...

Commercial business leases in England and Wales: practical toolkit covering heads of terms, drafting and negotiation, due diligence, security of tenure, SDLT/LTT and VAT, execution, completion and registration

Published by a LexisNexis Property expert

Practice notes

This Practice Note is an introductory new starter guide that sets out the principal considerations, terms and stages involved in granting a new business lease from the outset. The guide offers an overview and toolkit for entering into commercial leases and serves as a useful starting point for trainee solicitors and those new to Property as a practice area. It concentrates on the key issues that commonly arise and briefly refers to other sources and materials that provide more in-depth information on the topics covered.

What is a commercial lease?

A commercial lease usually means a written agreement that not only creates a tenancy of business premises, but also sets out the often detailed and extensive provisions that will regulate the relationship between the landlord and the tenant. This Practice Note identifies some of the matters to consider when advising on a new commercial lease for a fixed term of reasonable length, where the tenant will be taking on a significant level of responsibility for the premises...

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Web page updated on 21/05/2026

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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 ...

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