This is a lease for a self contained lock-up shop. It could be in a parade or detached. It does not require provision for service charge recovery. It may be pure retail or it may have offices or other business space attached. Features: guarantor; break provision; rent review options; option for assignment; sub-letting not allowed; draft agreement for security deposit.
Compliant with the latest law in
AB
BC
MB
ON
SK
Document properties
- Length:26 pages (7400 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
Backed by our watertight guarantee
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
Written in plain English
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
Guidance notes included
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Support from our legal team
We offer free support by email in respect of editing the document. You can also use our Document Review Service if you want to our legal team to check that the document will do as you intend.
Up to date with the latest law
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
How our service works
Edit Your Document
Download your document & complete it at your own pace. Our guidance notes explain what to consider and how to edit.
Upload for Legal Review
Let our legal team check that the document does what you intend.
Print, Date & Sign
Signing the document makes it legally binding.
About this shop lease
This lease should be used to let a shop or retail unit that does not share services or facilities with neighbouring units owned by the same landlord. The shop itself may be part of a parade of other shops owned by other landlords, or it may be stand-alone.
The shop may or may not have additional space used by the tenant for other business purposes, such as offices or storage.
This is a professionally drawn, very comprehensive lease with massive legal protection for the landlord including a long menu of “do’s” and “don’ts”.
This lease is not a compromise between the interests of the parties. It prefers the landlord’s interest. We think that is the best start point. If you wish to make concessions to your tenant, that is fine, but we want you have those choices.
It includes service charge provisions to provide 100% recovery of service costs.
Similar commercial lease agreements
If a restaurant, cafe or fast food outlet will be operated from the property, use Restaurant lease agreement. This lease contains specific clauses for commercial kitchens and food retail.
If the shop being let is part of a parade owned by the same landlord, or uses shared facilities and services, use Business lease: shop in parade. This agreement contains service charge recovery provisions.
If the property will be used as an office (rather than a shop), Self contained office lease agreement may be more appropriate.
Key features
Plain English is used throughout except where it is necessary to use legal terms common in this field of law.
The key features of this template can be summarised as:
- standard guarantor
- options for transfer or assignment to another party
- sub-letting forbidden
- option to include a break clause for premature termination by the tenant
- a choice of options for rent reviews
The law in this shop lease
Commercial leases differ significantly from residential leases. Residential leases are highly regulated. In contrast, commercial leases are governed chiefly by common law and are very loosely regulated. The rights and obligations of the landlord and tenant are mainly a matter of agreement between the parties. There are no statutory requirements to register your lease, but either party may register a lease of three years or more.
Document contents
This shop lease is comprehensive, providing alternative choices for important decisions.
The contents include 29 provisions and 2 schedules covering:
- rent: period, amount, other payments, interest on overdue rent, periodic review
- condition and repair
- tenant's positive obligations
- restrictions on tenant: prohibited activities on the property
- signs and advertisements
- assignment of the lease
- indemnities by the tenant
- security deposit
- insurance
- access for landlord
- guarantor
- termination: default notice by landlord; provision for premature termination (a break clause)
- forfeiture
Schedule 1: rights reserved
Schedule 2: draft agreement for a security deposit
© 2000 - 2023 Net Lawman Limited.
All rights reserved
All rights reserved