Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Rent definition

What does Rent mean? Rent is the monetary consideration a tenant pays to a landlord for the right to occupy premises under a lease. In UK and Irish practice, rent must be certain or objectively ascertainable from the lease throughout the term, typically by stating an annual sum and (if applicable) a review formula (open market rent review, index‑linking or fixed uplifts). Commercial rent is commonly payable in advance by equal instalments on the specified rent payment dates. English quarter days (25 March, 24 June, 29 September, 25 December) remain widely used in England & Wales and Northern Ireland; Scotland traditionally uses Scottish term days...

Commercial rent deposit deeds and tenant insolvency: trust/charge/stakeholder structures, FCAR implications, enforcement, and landlords’ drawdown versus administration expense strategy (UK)

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

General

A Rent deposit is a sum lodged by a tenant on taking a Lease, serving as security against unpaid rent and other breaches of the lease. It is commonly required where a lease is granted or assigned and the incoming tenant cannot demonstrate adequate financial standing to the landlord. A deposit might be provided instead of, or alongside, a guarantee to bolster the tenant’s covenant strength. In commercial leasing, it is routine for a rent deposit to be held either by the landlord or by an independent stakeholder. For broader guidance on commercial rent deposits, see Practice Note: Rent Deposit Deeds—Commercial Leases. That Practice Note examines how a landlord may deal with rent deposits when a corporate tenant enters an Insolvency procedure (with a principal focus on administration). The landlord’s position is largely determined by the manner in which the deposit is structured and held.

Need for a rent deposit deed

Where a deposit is taken, it is standard and sensible for the terms governing payment and custody to be documented separately from the lease in a rent deposit deed...

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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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