Jurisdiction(s):
United Kingdom

Key definition

Lease definition

What does Lease mean? In practice, a lease is an agreement by which a landlord grants a tenant exclusive possession of land or premises for a period, usually for rent. It creates the landlord–tenant relationship and a proprietary estate/right, unlike a licence. Across England & Wales and Northern Ireland, the test (Street v Mountford) centres on exclusive possession and a term certain; rent is not essential. Leases over three years generally require a deed; longer terms are registrable (in E&W, over seven years). Business tenancies may attract statutory security of tenure (E&W: Landlord and Tenant Act 1954; NI: Business Tenancies...

Precedent: Residential Registered Freehold or Leasehold Sale Contract (England and Wales) incorporating the Standard Conditions of Sale, Fifth Edition (2018 Revision)

Published by a LexisNexis Property expert

Precedents

Date

[ date ]

Parties

[ name of seller ] of [ address ] (the Seller);
[ name of buyer ] of [ address ] (the Buyer);

1 Definitions

For this contract, the terms below shall have the meanings set out:

Buyer’s conveyancer: [ name ] at [ address ] (reference [ details ]);
Completion Date: [ insert date ];
Contents: the items at the Property shown as included on the attached list;
[ Contents Price: £[ amount in figures ] ([ amount in words ] pounds); ]
Deposit: £[ amount in figures ] ([ amount in words ] pounds);
[ Lease: [ insert details of lease ]; ]
Property: [ All that freehold property situated at and known as [ insert address ], registered with absolute title at HM Land Registry under the title number OR all that leasehold property situated at and known as [ insert address ], registered with absolute title at HM Land Registry under the title number and further described in the Lease ];
Purchase Price: £[ amount in figures ] ([ amount in words ] pounds);
Seller’s conveyancer...

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Russell Hewitson

Northumbria University

Russell Hewitson is a solicitor and associate professor of law at Northumbria University. He is Law Society Council member for commercial property and a member of the Law Society’s Conveyancing and Land Law Committee. Russell is the Consultant Editor of Halsbury’s Laws of England Volume 23 - Conveyancing. He is general editor of Precedents for the Conveyancer, Practical Lease Precedents, and Practical Conveyancing Precedents, consultant editor of the Law Society’s Conveyancing Handbook and has written a number of other books including Conveyancing Searches and Enquiries, Licensing Law Handbook, Residential Conveyancing Practice and Business Tenancies. He is also the Practice and Precedents Editor of The Conveyancer and Property Lawyer. ...

Web page updated on 22/05/2026

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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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