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Long Term Lease Agreement Template for England and Wales

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Key Requirements PROMPT example:

Long Term Lease Agreement

"I need a Long Term Lease Agreement for a Grade A office building in Manchester city centre, with a 15-year term starting from March 2025, including break options at years 5 and 10, and specific provisions for green building certification maintenance."

Document background
Long Term Lease Agreements are essential documents in English and Welsh property law, used when parties wish to establish a substantial tenancy relationship extending beyond typical short-term arrangements. These agreements are particularly crucial for commercial properties and significant residential lets, providing comprehensive coverage of rights, obligations, and responsibilities of all parties involved. The document must comply with various legislative requirements, including the Landlord and Tenant Act 1954, Law of Property Act 1925, and related regulations. A Long Term Lease Agreement typically includes detailed provisions for rent reviews, maintenance obligations, insurance requirements, and assignment rights.
Suggested Sections

1. Parties: Identification and details of landlord and tenant

2. Background: Context of the lease and property description

3. Definitions: Key terms used throughout the lease including statutory references and interpretation

4. Demise: The actual grant of the lease, term length, and property description

5. Rent and Payment Terms: Rent amount, payment schedule, review mechanisms, and interest on late payments

6. Tenant Covenants: Core obligations of the tenant including repair, decoration, alterations, statutory compliance

7. Landlord Covenants: Core obligations of the landlord including quiet enjoyment, insurance, and repairs

8. Insurance Provisions: Requirements for building insurance, tenant obligations, and reinstatement provisions

9. Termination Rights: Break clauses, forfeiture provisions, and termination procedures

Optional Sections

1. Service Charge Provisions: Details of service charge calculation and payment - used for multi-let buildings or estates

2. Assignment and Underletting: Provisions for transferring or subletting the lease - for longer leases where transfer rights are important

3. Change of Use: Provisions regarding permitted use changes and restrictions - when specific use controls are needed

4. Green Lease Provisions: Environmental performance and sustainability obligations - for properties where environmental standards are important

5. Security Provisions: Requirements for rent deposits or guarantees - when additional security is required

Suggested Schedules

1. Schedule 1 - Property Plan: Detailed plan showing the demised premises and boundaries

2. Schedule 2 - State of Condition: Schedule recording property condition at lease start including photographs

3. Schedule 3 - Rights Granted: Detailed list of rights granted to tenant including access and services

4. Schedule 4 - Rights Reserved: Detailed list of rights reserved by landlord including access for repairs

5. Schedule 5 - Service Charge Schedule: Detailed breakdown of service charge items and calculation methods

6. Schedule 6 - Rent Review Provisions: Detailed mechanism for rent reviews including timing and procedures

7. Schedule 7 - Permitted Alterations: Schedule of pre-approved alterations and works permitted without consent

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Landlord and Tenant Act 1954: Core legislation for commercial leases, governing security of tenure, lease renewal procedures and termination rights. Essential for establishing the fundamental relationship between landlord and tenant in commercial properties.

Law of Property Act 1925: Establishes fundamental property law principles in England and Wales, including requirements for creating legal interests in land and formalities for lease execution.

Landlord and Tenant Act 1985: Defines landlord's repairing obligations, standards for fitness for human habitation, and requirements for service charges. Critical for maintaining property standards.

Landlord and Tenant Act 1987: Covers tenants' right of first refusal and service charge consultation requirements. Important for property management and tenant rights.

Landlord and Tenant (Covenants) Act 1995: Regulates assignment of leases, guarantees, and privity of contract. Essential for understanding the ongoing obligations in lease agreements.

Housing Act 1988: Governs assured and assured shorthold tenancies, including grounds for possession. Particularly relevant if the lease has any residential components.

Rent Act 1977: Provides framework for rent regulation and tenant protection measures. Important for understanding rent control and tenant rights.

Defective Premises Act 1972: Establishes landlord's duty of care and liability for defects in premises. Critical for understanding maintenance obligations and liability.

Commonhold and Leasehold Reform Act 2002: Covers service charge provisions, right to manage, and lease extension rights. Important for long-term management of leasehold properties.

Health and Safety Regulations: Encompasses various regulations concerning fire safety, gas safety, and electrical safety requirements for leased properties.

Energy Performance Certificate Regulations: Mandates energy efficiency requirements and minimum standards for properties, including the need for valid EPCs.

Building Regulations: Sets standards for building compliance, alterations, and improvements. Essential for any structural changes or improvements to the property.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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